Technical analysis USDCAD for 27.08.2024
27.08.2024 17:15
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 below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.34325. The closest resistance is the level 1.34875
Key levels
- 1.36050, 1.35650, 1.35200, 1.34875, 1.34325, 1.33900
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.34875, with Take Profit of 1.34325 and Stop Loss of 1.35200
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.35200, with Take Profit of 1.35650 and Stop Loss of 1.34875
Scenario
Recommendation
SELL LIMIT
Entry Point
1.34875
Take Profit
1.34325
Stop Loss
1.35200
Key Levels
1.36050, 1.35650, 1.35200, 1.34875, 1.34325, 1.33900
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.35200
Take Profit
1.35650
Stop Loss
1.34875