Daily Trading Analysis

Pipsafe Logo
Share this Post :

Daily Trading Analysis – The USD/CAD rose to 1.2100 early in the North American session but could not break through the daily range.

Our 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

NZDUSD Analysis

The NZD/USD continues to fall to a new daily low at 0.7200.

Our Analysis:
While the price is below 0.7412, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.7207
  • Take Profit 1: 0.6931
  • Take Profit 2: 0.6796

Alternative scenario:
If the level 0.7412 is broken-out, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7412
  • Take Profit 1: 0.7639
  • Take Profit 2: 0.7775

Source: PAXFOREX Broker

Daily Trading Analysis – EUR/USD Intraday: bullish bias above 1.2160.

Pivot:
1.2160

Our preference:
Long positions above 1.2160 with targets at 1.2200 & 1.2215 in extension.

Alternative scenario:
Below 1.2160 look for further downside with 1.2145 & 1.2130 as targets.

Comment:
The RSI is mixed to bullish.

XM Forex Broker -Review and Details


Categories :
Tags :



LEAVE A COMMENT


Alert Header

Alert Message