Source: PaxForex Premium Analytics Portal, Technical Insight
Federal Reserve, Brainard: it's important to strengthen the financial system to deal with climate change:
The Fed has made progress in trying to take climate concerns into account when setting policy;
The Fed plans to work with other U.S. financial regulators on climate change in the coming years;
The Fed also plans to work with other foreign banks on climate change research.
USD/CHF, 30 min
Pivot: 0.8865
Analysis:
Provided that the currency pair is traded above 0.8840, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 0.8865
- Take Profit 1: 0.8885
- Take Profit 2: 0.8895
Alternative scenario:
In case of breakdown of the level 0.8840, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 0.8840
- Take Profit 1: 0.8820
- Take Profit 2: 0.8800
Comment:
RSI shows the possibility of an ascending momentum.
Key levels:
Resistance | Support |
0.8910 | 0.8840 |
0.8895 | 0.8820 |
0.8885 | 0.8800 |
USD/CHF, D1
Pivot: 0.8854
Analysis:
While the price is below 0.9000, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.8854
- Take Profit 1: 0.8750
- Take Profit 2: 0.8640
Alternative scenario:
If the level 0.9000 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.9000
- Take Profit 1: 0.9185
- Take Profit 2: 0.9295
Comment:
RSI shows the development of a downtrend in the medium-term.
Key levels:
Resistance | Support |
0.9295 | 0.8750 |
0.9185 | 0.8640 |
0.9000 | 0.8500 |
We also advise you to pay attention to the following currency pairs for intraday trading:
EUR/USD - sell below 1.2225 with 1.2160 and 1.2140 targets as Take Profit. Alternative scenario - if the level 1.2225 is broken-out, buy with the TP 1.2250 and 1.2270.
GBP/USD – sell below 1.3415 with 1.3275 and 1.3230 as Take Profit targets. Alternative scenario - if the level of 1.3415 is broken-out, you should consider buying with the targets 1.3470 and 1.3530 as Take Profit.
AUD/USD - short positions below 0.7600 with 0.7545 and 0.7525 targets as Take Profit. Alternative scenario - if the level of 0.7600 is broken-out, sell with the targets 0.7625 and 0.7640 as Take Profit.