Technical analysis USDCAD for 31.01.2022

31.01.2022 16:27
Harian
Teknikal

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.2705. The closest resistance is the level 1.2765

Key levels

  • 1.2940, 1.2845, 1.2765, 1.2705, 1.2650, 1.2575, 1.2520, 1.2455

Trading scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.2705, with Take Profit of 1.2575 and Stop Loss of 1.2765

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.2765, with Take Profit of 1.2845 and Stop Loss of 1.2705
Senario
Syor
SELL STOP

Titik Entri
1.2705

Take Profit
1.2575

Stop Loss
1.2765

Level utama
1.2940, 1.2845, 1.2765, 1.2705, 1.2650, 1.2575, 1.2520, 1.2455
Senario pilihan
Syor
BUY STOP

Titik Entri
1.2765

Take Profit
1.2845

Stop Loss
1.2705