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Intraday forecastUS Dollar vs. Canadian Dollar technical chart
SymbolUSDCAD
Release TimeMon, 11/13/2017 - 20:16
Advisebuy (limit) above S1=1.2695
Intraday
Short term
Yesterday range30
Yesterday high1.2695
Yesterday low1.2665
Yesterday close1.2687
R31.283
R21.278
R11.2755
S11.2695
S21.2675
S31.26
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2695.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.2755.
TP4: R2=1.278.
Set the stoploss of these orders at breakout of S2=1.2675.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2675.
In this situation, there is an expectation to reach the target S3=1.26.
Set the stoploss of reverse orders at breakout of S1=1.2695.

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