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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeSeptember 12, 2019 - 20:40
Advisebuy (limit) above S1=1.319
Intraday
Short term
Yesterday range75
Yesterday high1.3214
Yesterday low1.3139
Yesterday close1.3192
R31.3275
R21.326
R11.3245
S11.319
S21.3175
S31.3105
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.319.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3245.
TP4: R2=1.326.
Set the stoploss of these orders at breakout of S2=1.3175.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.3175.
In this situation, there is an expectation to reach the target S3=1.3105.
Set the stoploss of reverse orders at breakout of S1=1.319.

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