USD/CAD,D1
Pivot: 1.2078
Analysis:
Provided that the currency pair is traded below 1.2275, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2078
- Take Profit 1: 1.1980
- Take Profit 2: 1.1830
Alternative scenario:
In case of breakout of the level 1.2275, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2275
- Take Profit 1: 1.2400
- Take Profit 2: 1.2500
Comment:
RSI shows the possibility of a downtrend during the day.
Key levels:
Resistance --- Support
1.2500 -------- 1.1980
1.2400 -------- 1.1830
1.2275 -------- 1.1680
NZD/CAD Forecast Fundamental Analysis | New Zealand Dollar / Canadian Dollar
Prev article
EUR/JPY | Euro to Japanese Yen Trading Analysis
Next article
Recent articles
EUR/JPY | Euro to Japanese Yen Trading Analysis
ECB head Lagarde: so far we see no signs that inflationary pressures are becoming widespread.
GBP/JPY | British Pound to Japanese Yen Trading Analysis
GBP/JPY is declining from 2-week highs, approaching 151.50.