Technical analysis USDCAD for 03.10.2024
03.10.2024 13:55
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.35150. The closest resistance is the level 1.35400
Key levels
- 1.36000, 1.35650, 1.35400, 1.35150, 1.34850
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.35400, with Take Profit of 1.35650 and Stop Loss of 1.35150
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.35150, with Take Profit of 1.34850 and Stop Loss of 1.35400
Scenario
Recommendation
BUY STOP
Entry Point
1.35400
Take Profit
1.35650
Stop Loss
1.35150
Key Levels
1.36000, 1.35650, 1.35400, 1.35150, 1.34850
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.35150
Take Profit
1.34850
Stop Loss
1.35400