Technical analysis USDCAD for 17.07.2023

17.07.2023 17:19
Harian
Teknikal

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.31625. The closest resistance is the level 1.31975

Key levels

  • 1.32975, 1.32375, 1.31975, 1.31625, 1.31250

Trading scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.31625, with Take Profit of 1.31250 and Stop Loss of 1.31975

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.31975, with Take Profit of 1.32375 and Stop Loss of 1.31625

Senario
Syor
SELL STOP

Titik Entri
1.31625

Take Profit
1.31250

Stop Loss
1.31975

Level utama
1.32975, 1.32375, 1.31975, 1.31625, 1.31250
Senario pilihan
Syor
BUY STOP

Titik Entri
1.31975

Take Profit
1.32375

Stop Loss
1.31625