Source: PaxForex Premium Analytics Portal, Technical Insight
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USD/CAD, 30 min
Pivot: 1.2657
Analysis:
Provided that the currency pair is traded above 1.2620, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.2657
- Take Profit 1: 1.2685
- Take Profit 2: 1.2720
Alternative scenario:
In case of breakdown of the level 1.2620, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.2620
- Take Profit 1: 1.2590
- Take Profit 2: 1.2565
Comment:
RSI shows the possibility of an uptrend during the day.
Key levels:
Resistance | Support |
1.2745 | 1.2620 |
1.2720 | 1.2590 |
1.2685 | 1.2565 |
USD/CAD, D1
Pivot: 1.2698
Analysis:
While the price is below 1.2930, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2698
- Take Profit 1: 1.2460
- Take Profit 2: 1.2250
Alternative scenario:
If the level 1.2930 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2930
- Take Profit 1: 1.3050
- Take Profit 2: 1.3170
Comment:
RSI shows the possibility of the downtrend in the medium term.
Key levels:
Resistance | Support |
1.3170 | 1.2460 |
1.3050 | 1.2250 |
1.2930 | 1.2100 |
We also advise you to pay attention to the following currency pairs for intraday trading:
EUR/USD - buy above 1.2140 with 1.2220 and 1.2240 targets as Take Profit. Alternative scenario - if the level 1.2140 is broken-down, sell with the TP 1.2115 and 1.2095.
GBP/USD - long positions above 1.3700 with 1.3745 and 1.3770 targets as Take Profit. Alternative scenario - if the level of 1.3700 is broken-down, sell with the targets 1.3675 and 1.3650 as Take Profit.
AUD/USD – sell below 0.7780 with 0.7715 and 0.7700 as Take Profit targets. Alternative scenario - if the level of 0.7780 is broken-down, you should consider selling with the targets 0.7800 and 0.7820 as Take Profit.