Technical analysis USDCAD for 22.11.2024
22.11.2024 07:43
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.396. The closest resistance is the level 1.400
Key levels
1.389, 1.392, 1.396, 1.400, 1.404
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 1.392, with Take Profit of 1.404 and Stop Loss of 1.389
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 1.400, with Take Profit of 1.389 and Stop Loss of 1.404
Scenario
Recommendation
BUY LIMIT
Entry Point
1.392
Take Profit
1.404
Stop Loss
1.389
Key Levels
1.389, 1.392, 1.396, 1.400, 1.404
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
1.400
Take Profit
1.389
Stop Loss
1.404