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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeEylül 19, 2019 - 20:57
Advisebuy (limit) above S1=1.324
Intraday
Short term
Yesterday range72
Yesterday high1.331
Yesterday low1.3238
Yesterday close1.3287
R31.3345
R21.331
R11.3295
S11.324
S21.323
S31.3165
Trade setup

As we forecast Yükseliş trend for this day, so Forecast City suggests buy (limit) above S1=1.324.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3295.
TP4: R2=1.331.
Set the stoploss of these orders at breakout of S2=1.323.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.323.
In this situation, there is an expectation to reach the target S3=1.3165.
Set the stoploss of reverse orders at breakout of S1=1.324.

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