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:

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:

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.