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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeJuly 16, 2018 - 20:25
Advisesell (limit) below R1=1.316
Intraday
Short term
Yesterday range59
Yesterday high1.3208
Yesterday low1.3149
Yesterday close1.3152
R31.3255
R21.318
R11.316
S11.311
S21.3065
S31.3035
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.316.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.311.
TP4: S2=1.3065.
Set the stoploss of these orders at breakout of R2=1.318.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.318.
In this situation, there is an expectation to reach the target R3=1.3255.
Set the stoploss of reverse orders at breakout of R1=1.316.

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Mon, Sep 5 2022, 17:34 USDCAD Subscribe! Subscribers Only Subscribers Only
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