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Intraday forecastUS Dollar vs. Canadian Dollar technical chart
SymbolUSDCAD
Release TimeMon, 04/15/2019 - 21:51
Advisebuy (limit) above S1=1.3335
Intraday
Short term
Yesterday range93
Yesterday high1.339
Yesterday low1.3297
Yesterday close1.3366
R31.35
R21.345
R11.3395
S11.3335
S21.3295
S31.32
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3335.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3395.
TP4: R2=1.345.
Set the stoploss of these orders at breakout of S2=1.3295.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.3295.
In this situation, there is an expectation to reach the target S3=1.32.
Set the stoploss of reverse orders at breakout of S1=1.3335.

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