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Intraday forecastUS Dollar vs. Canadian Dollar technical chart
SymbolUSDCAD
Release TimeThu, 11/14/2019 - 21:14
Advisebuy (limit) above S1=1.323
Intraday
Short term
Yesterday range40
Yesterday high1.3267
Yesterday low1.3227
Yesterday close1.325
R31.3345
R21.329
R11.327
S11.323
S21.3215
S31.3145
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.323.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.327.
TP4: R2=1.329.
Set the stoploss of these orders at breakout of S2=1.3215.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.3215.
In this situation, there is an expectation to reach the target S3=1.3145.
Set the stoploss of reverse orders at breakout of S1=1.323.

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