Technical analysis USDCAD for 14.11.2024
14.11.2024 03:05
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains 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 1.3991. The closest resistance is the level 1.4
Key levels
1.398, 1.3985, 1.991, 1.4, 1.4003
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 1.3985, with Take Profit of 1.4003 and Stop Loss of 1.398
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 1.4, with Take Profit of 1.398 and Stop Loss of 1.4003
Scenario
Recommendation
BUY LIMIT
Entry Point
1.3985
Take Profit
1.4003
Stop Loss
1.398
Key Levels
1.398, 1.3985, 1.991, 1.4, 1.4003
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
1.4
Take Profit
1.398
Stop Loss
1.4003