Technical analysis USDCAD for 12.09.2024
12.09.2024 17:31
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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.35900. The closest resistance is the level 1.36050
Key levels
- 1.36450, 1.36217, 1.36050, 1.35900, 1.35700
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.36050, with Take Profit of 1.36217 and Stop Loss of 1.35900
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.35900, with Take Profit of 1.35700 and Stop Loss of 1.36050
Scenario
Recommendation
BUY STOP
Entry Point
1.36050
Take Profit
1.36217
Stop Loss
1.35900
Key Levels
1.36450, 1.36217, 1.36050, 1.35900, 1.35700
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.35900
Take Profit
1.35700
Stop Loss
1.36050