Technical analysis USDCAD for 30.08.2024
30.08.2024 16:35
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.34650. The closest resistance is the level 1.35200
Key levels
- 1.36100, 1.35625, 1.35200, 1.34650, 1.34350, 1.33975
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.34650, with Take Profit of 1.35200 and Stop Loss of 1.34350
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.34350, with Take Profit of 1.33975 and Stop Loss of 1.34650
Scenario
Recommendation
BUY LIMIT
Entry Point
1.34650
Take Profit
1.35200
Stop Loss
1.34350
Key Levels
1.36100, 1.35625, 1.35200, 1.34650, 1.34350, 1.33975
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.34350
Take Profit
1.33975
Stop Loss
1.34650