USDCAD NZDUSD Analysis Trading Analysis of USD/CAD – USD/CAD shows growth because of the CAD’s correlation with oil.Provided that the currency pair is traded above 1.2380, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2515
- Take Profit 1: 1.2750
- Take Profit 2: 1.2880
Alternative scenario:In case of breakdown of the level 1.2380, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2380
- Take Profit 1: 1.2250
- Take Profit 2: 1.2130
USDCAD NZDUSD Analysis Trading Analysis of NZD/USD – In Wednesday’s trading the pair NZD/USD continues to remain in the accumulation phase.While the price is below 0.7095, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6972
- Take Profit 1: 0.6880
- Take Profit 2: 0.6800
Alternative scenario:If the level 0.7095 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7095
- Take Profit 1: 0.7210
- Take Profit 2: 0.7315
Source: PAXFOREX Broker
Gold Intraday: key resistance at 1820.00.
Pivot:1820.00
Our preference:Short positions below 1820.00 with targets at 1804.00 & 1797.00 in extension.
Alternative scenario:Above 1820.00 look for further upside with 1826.00 & 1832.00 as targets.
Comment:As long as the resistance at 1820.00 is not surpassed, the risk of the break below 1804.00 remains high.
Silver spot Intraday: key resistance at 25.61.
Pivot:25.61
Our preference:Short positions below 25.61 with targets at 25.22 & 25.00 in extension.
Alternative scenario:Above 25.61 look for further upside with 25.80 & 26.00 as targets.
Comment:As long as the resistance at 25.61 is not surpassed, the risk of the break below 25.22 remains high.
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