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Dear Subscribers,
We would like to inform you that, the UK's Conservative Party leadership election on 23.07.2019, will be significantly important and may trigger abnormal market conditions, including but not limited to:
  • Extreme market volatility
  • Thin market liquidity
  • Abnormal spreads
  • Price gaps
  • Slippage on executed orders
Please note that there is strong possibility of increased volatility on the day of the announcement which is very likely to affect GBP instruments.
We strongly recommend that you take the above risks into consideration when planning your trading strategy, and ensure that you have sufficient funds in your account to cover your open positions.
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Intraday forecastUS Dollar vs. Canadian Dollar technical chart
SymbolUSDCAD
Release TimeMon, 05/20/2019 - 10:16
Advisesell (limit) below R1=1.349
Intraday
Short term
Yesterday range79
Yesterday high1.3513
Yesterday low1.3434
Yesterday close1.3464
R31.3585
R21.351
R11.349
S11.3425
S21.34
S31.334
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.349.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.3425.
TP4: S2=1.34.
Set the stoploss of these orders at breakout of R2=1.351.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.351.
In this situation, there is an expectation to reach the target R3=1.3585.
Set the stoploss of reverse orders at breakout of R1=1.349.

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