Technical analysis USDCAD for 16.05.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.28810. The closest resistance is the level 1.29300
Key levels
- 1.30500, 1.30000, 1.29300, 1.28810, 1.28150, 1.27675
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.28810, with Take Profit of 1.28150 and Stop Loss of 1.29300
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.29300, with Take Profit of 1.30000 and Stop Loss of 1.28810
Николай Криштопов — рыночный аналитик Investizo с более чем 15-летним опытом работы в индустрии финансовых рынков и более чем десятилетним опытом трейдинга. В сферу его интересов входят валютный и криптовалютный рынки, технический анализ, внутридневная торговля и поведение рынка.