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Intraday forecastUS Dollar vs. Canadian Dollar technical chart
SymbolUSDCAD
Release TimeWed, 07/11/2018 - 20:37
Advisebuy (limit) above S1=1.316
Intraday
Short term
Yesterday range46
Yesterday high1.3146
Yesterday low1.31
Yesterday close1.311
R31.335
R21.3265
R11.3225
S11.316
S21.314
S31.3065
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.316.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3225.
TP4: R2=1.3265.
Set the stoploss of these orders at breakout of S2=1.314.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.314.
In this situation, there is an expectation to reach the target S3=1.3065.
Set the stoploss of reverse orders at breakout of S1=1.316.

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