Source: PaxForex Premium Analytics Portal, Technical Insight

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 USD/CAD, 30 min

Pivot: 1.3292

Analysis:

Provided that the currency pair is traded below 1.3325, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.3180
• Take Profit 1: 1.3215
• Take Profit 2: 1.3235

Alternative scenario: 

In case of breakout of the level 1.3325, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.3325
• Take Profit 1: 1.3145
• Take Profit 2: 1.3120

Comment:

RSI shows the possibility of a downtrend during the day.

Key levels:

USD/CAD, D1

Pivot: 1.3239

Analysis:

While the price is below 1.3420, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.3239
• Take Profit 1: 1.2990
• Take Profit 2: 1.2850

Alternative scenario:

If the level 1.3420 is broken-out, follow the recommendations below.

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3420
• Take Profit 1: 1.3580
• Take Profit 2: 1.3720

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 1.1740 with 1.1785 and 1.1810 targets as Take Profit. Alternative scenario - if the level 1.1740 is broken-down, sell with the TP 1.1725 and 1.1715.
GBP/USD - long positions above 1.2975 with 1.3040 and 1.3065 targets as Take Profit. Alternative scenario - if the level of 1.2975 is broken down, sell with the targets 1.2955 and 1.2935 as Take Profit.
AUD/USD – buy above 0.7040 with 0.7095 and 0.7110 as Take Profit targets. Alternative scenario - if the level of 0.7040 is broken-out, you should consider buying with the targets 0.7025 and 0.7010 as Take Profit.