USD/CAD, 30 min
Pivot: 1.2290
Analysis:
Provided that the currency pair is traded above 1.2265, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.2290
- Take Profit 1: 1.2320
- Take Profit 2: 1.2350
Alternative scenario:
In case of breakdown of the level 1.2265, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.2265
- Take Profit 1: 1.2245
- Take Profit 2: 1.2225
Comment:
RSI shows the possibility of an uptrend during the day.
Key levels:
Resistance ---- Support
1.2400 --------- 1.2265
1.2350 --------- 1.2245
1.2320 --------- 1.2225
USD/CAD, D1
Pivot: 1.2282
Analysis:
While the price is below 1.2500, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2282
- Take Profit 1: 1.2200
- Take Profit 2: 1.2030
Alternative scenario:
If the level 1.2500 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2500
- Take Profit 1: 1.2640
- Take Profit 2: 1.2745
Comment:
RSI shows the possibility of the downtrend in the medium term.
Key levels:
Resistance ---- Support
1.2745 --------- 1.2200
1.2640 --------- 1.2030
1.2500 --------- 1.1940
EUR/USD Forecast Fundamental Analysis | Euro / US Dollar
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