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Intraday forecastUS Dollar vs. Canadian Dollar technical chart
SymbolUSDCAD
Release TimeThu, 08/09/2018 - 20:10
Advisesell (limit) below R1=1.3065
Intraday
Short term
Yesterday range113
Yesterday high1.312
Yesterday low1.3006
Yesterday close1.302
R31.318
R21.3095
R11.3065
S11.3
S21.2965
S31.292
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.3065.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.3.
TP4: S2=1.2965.
Set the stoploss of these orders at breakout of R2=1.3095.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.3095.
In this situation, there is an expectation to reach the target R3=1.318.
Set the stoploss of reverse orders at breakout of R1=1.3065.

Latest forecasts
Release Time Symbol Intraday R S
Tue, Oct 16 2018, 20:45 USDCAD Subscribe! Subscribers Only Subscribers Only
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