Technical analysis USDCAD for 25.04.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.27275. The closest resistance is the level 1.27950
Key levels
- 1.29100, 1.28475, 1.27950, 1.27275, 1.26650, 1.26125, 1.25550
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.27950, with Take Profit of 1.28475 and Stop Loss of 1.27760
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.27275, with Take Profit of 1.26650 and Stop Loss of 1.27600