Technical analysis USDCAD for 04.09.2024
04.09.2024 17:40
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above 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 1.35000. The closest resistance is the level 1.35175
Key levels
- 1.35600, 1.35375, 1.35175, 1.35000, 1.34800
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.35000, with Take Profit of 1.34800 and Stop Loss of 1.35175
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.35175, with Take Profit of 1.35375 and Stop Loss of 1.35000
Scenario
Recommendation
SELL STOP
Entry Point
1.35000
Take Profit
1.34800
Stop Loss
1.35175
Key Levels
1.35600, 1.35375, 1.35175, 1.35000, 1.34800
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.35175
Take Profit
1.35375
Stop Loss
1.35000