Technical analysis EURCAD for 03.06.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is 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 1.34825. The closest resistance is the level 1.35400
Key levels
- 1.36350, 1.35875, 1.35400, 1.34825, 1.34300, 1.33925
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.35400, with Take Profit of 1.34825 and Stop Loss of 1.35875
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.35875, with Take Profit of 1.36350 and Stop Loss of 1.35400
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.