Trading Analysis of USDCAD USD/CAD will continue its pullback towards the 200-DMA at 1.2553 – Credit Suisse.
Our Analysis:Provided that the currency pair is traded above 1.2550, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 1.2616
Take Profit 1: 1.2950
Take Profit 2: 1.3130Trading Analysis of USDCAD Alternative scenario:In case of breakdown of the level 1.2550, follow the recommendations below:
Time frame: D1
Recommendation: short position
Entry point: 1.2550
Take Profit 1: 1.2420
Take Profit 2: 1.2300
Trading Analysis of NZD/USD NZD/USD rises to a weekly high above 0.6950.
Our Analysis:While the price is below 0.7085, follow the recommendations below:
Time frame: D1
Recommendation: short position
Entry point: 0.6940
Take Profit 1: 0.6800
Take Profit 2: 0.6572Alternative scenario: If the level 0.7085 is broken-out, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 0.7085
Take Profit 1: 0.7160
Take Profit 2: 0.7240Gold Intraday: expect 1783.00.
Pivot:1803.00
Our preference:Short positions below 1803.00 with targets at 1789.00 & 1783.00 in extension.
Alternative scenario:Above 1803.00 look for further upside with 1810.00 & 1815.00 as targets.
Comment:The RSI is bearish and calls for further decline.
Silver spot Intraday: 23.34 expected.
Pivot:23.82
Our preference:Short positions below 23.82 with targets at 23.50 & 23.34 in extension.
Alternative scenario:Above 23.82 look for further upside with 23.95 & 24.10 as targets.
Comment:The RSI is bearish and calls for further decline.
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