USD/CAD | US Dollar to Canadian Dollar Trading Analysis

USD/CAD,D1


USD/CAD,D1


Pivot: 1.2615


Analysis:

While the price is above 1.2420, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2615
  • Take Profit 1:¬†1.2715
  • Take Profit 2: 1.2810


Alternative scenario:

If the level 1.2420 is broken-down, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.2420
  • Take Profit 1: 1.2250
  • Take Profit 2: 1.2130


Comment:

RSI shows the possibility of an uptrend in the medium term.


Key levels:

Resistance ---- Support

1.2950 --------- 1.2420

1.2810 --------- 1.2250

1.2715 --------- 1.2130

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