Technical analysis USDCAD for 19.04.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively
Key levels
- 1.28200, 1.27300, 1.26450, 1.25850, 1.25050, 1.24300, 1.23425
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.25850, with Take Profit of 1.25050 and Stop Loss of 1.26450
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.26450, with Take Profit of 1.27300 and Stop Loss of 1.25850