Daily Market News – Trading Analysis of USD/CAD
The USD/CAD rose to a 2-month high near 1.2500.
Our Analysis:
Provided that the currency pair is traded above 1.2180, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 1.2330
Take Profit 1: 1.2630
Take Profit 2: 1.2740
Alternative scenario:
In case of breakdown of the level 1.2180, follow the recommendations below:
Time frame: D1
Recommendation: short position
Entry point: 1.2180
Take Profit 1: 1.2020
Take Profit 2: 1.1900
Learn More
Trading Analysis of NZD/USD
NZD/USD: commodity currencies are strengthening after NFP.
Our Analysis:
While the price is above 0.6890, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 0.7086
Take Profit 1: 0.7343
Take Profit 2: 0.7463
Alternative scenario:
If the level 0.6890 is broken-down, follow the recommendations below:
Time frame: D1
Recommendation: short position
Entry point: 0.6890
Take Profit 1: 0.6692
Take Profit 2: 0.6573
Source: PAXFOREX Broker
EUR/USD Intraday: under pressure.
Pivot:
1.1840
Our preference:
Short positions below 1.1840 with targets at 1.1805 & 1.1790 in extension.
Alternative scenario:
Above 1.1840 look for further upside with 1.1860 & 1.1875 as targets.
Comment:
As long as the resistance at 1.1840 is not surpassed, the risk of the break below 1.1805 remains high.
GBP/USD Intraday: under pressure.
Pivot:
1.3820
Our preference:
Short positions below 1.3820 with targets at 1.3770 & 1.3750 in extension.
Alternative scenario:
Above 1.3820 look for further upside with 1.3845 & 1.3870 as targets.
Comment:
As long as the resistance at 1.3820 is not surpassed, the risk of the break below 1.3770 remains high.
Fxpro Forex Broker FxPro Forex Broker Details
Categories :
Tags :
