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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeWed, 10/09/2019 - 20:32
Advisebuy (limit) above S1=1.3305
Intraday
Short term
Yesterday range49
Yesterday high1.3336
Yesterday low1.3287
Yesterday close1.3323
R31.3405
R21.338
R11.3345
S11.3305
S21.3295
S31.323
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3305.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3345.
TP4: R2=1.338.
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=1.323.
Set the stoploss of reverse orders at breakout of S1=1.3305.

Latest forecasts
Release Time Symbol Intraday R S
Tue, May 26 2020, 21:12 USDCAD free 1.397
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Mon, May 25 2020, 20:40 USDCAD free 1.4115
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