Source: PaxForex Premium Analytics Portal, Technical Insight
Swissmedic, the Swiss drug regulatory agency, has begun pre-certification in the rolling submission format of a second Covid-19 vaccine, this time from the American pharmaceutical company Pfizer.
USD/CHF, 30 min
Pivot: 0.9074
Analysis:
Provided that the currency pair is traded above 0.9060, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 0.9074
- Take Profit 1: 0.9095
- Take Profit 2: 0.9110
Alternative scenario:
In case of breakdown of the level 0.9060, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 0.9060
- Take Profit 1: 0.9045
- Take Profit 2: 0.9030
Comment:
RSI shows the possibility of an ascending momentum.
Key levels:
Resistance | Support |
0.9120 | 0.9060 |
0.9110 | 0.9045 |
0.9095 | 0.9030 |
USD/CHF, D1
Pivot: 0.9034
Analysis:
While the price is below 0.9200, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.9034
- Take Profit 1: 0.9000
- Take Profit 2: 0.8890
Alternative scenario:
If the level 0.9200 is broken-out, follow the recommendations below.
- Time frame: D1
- Recommendation: long position
- Entry point: 0.9200
- Take Profit 1: 0.9295
- Take Profit 2: 0.9355
Comment:
RSI shows the development of a downtrend in the medium-term.
Key levels:
Resistance | Support |
0.9355 | 0.9000 |
0.9295 | 0.8890 |
0.9200 | 0.8750 |
We also advise you to pay attention to the following currency pairs for intraday trading:
EUR/USD - sell below 1.1830 with 1.1760 and 1.1740 targets as Take Profit. Alternative scenario - if the level 1.1830 is broken-out, buy with the TP 1.1850 and 1.1865.
GBP/USD – sell below 1.3100 with 1.3010 and 1.2980 as Take Profit targets. Alternative scenario - if the level of 1.3100 is broken-down, you should consider buying with the targets 1.3125 and 1.3150 as Take Profit.
AUD/USD - short positions below 0.7140 with 0.7070 and 0.7045 targets as Take Profit. Alternative scenario - if the level of 0.7140 is broken-out, buy with the targets 0.7155 and 0.7170 as Take Profit.