USD/CAD | US Dollar to Canadian Dollar Trading Analysis

USD/CAD,D1


USD/CAD,D1


Pivot: 1.2761


Analysis:

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

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2761
  • Take Profit 1: 1.2810
  • Take Profit 2: 1.2950


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

1.3050 ---------- 1.2420

1.2950 ---------- 1.2250

1.2810 ---------- 1.2130

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