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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeJuly 24, 2019 - 21:09
Advisebuy (limit) above S1=1.3105
Intraday
Short term
Yesterday range32
Yesterday high1.315
Yesterday low1.3118
Yesterday close1.3137
R31.325
R21.321
R11.3165
S11.3105
S21.3095
S31.303
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3105.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3165.
TP4: R2=1.321.
Set the stoploss of these orders at breakout of S2=1.3095.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.3095.
In this situation, there is an expectation to reach the target S3=1.303.
Set the stoploss of reverse orders at breakout of S1=1.3105.

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