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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeDecember 4, 2019 - 20:52
Advisesell (limit) below R1=1.323
Intraday
Short term
Yesterday range38
Yesterday high1.332
Yesterday low1.3282
Yesterday close1.3294
R31.3335
R21.3255
R11.323
S11.319
S21.316
S31.3115
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.323.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.319.
TP4: S2=1.316.
Set the stoploss of these orders at breakout of R2=1.3255.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.3255.
In this situation, there is an expectation to reach the target R3=1.3335.
Set the stoploss of reverse orders at breakout of R1=1.323.

Latest forecasts
Release Time Symbol Intraday R S
Wed, Sep 23 2020, 20:45 USDCAD new Subscribe! Subscribers Only Subscribers Only
Tue, Sep 22 2020, 20:45 USDCAD Subscribe! Subscribers Only Subscribers Only
Mon, Sep 21 2020, 21:03 USDCAD Subscribe! Subscribers Only Subscribers Only
Mon, Sep 21 2020, 13:41 USDCAD free 1.3395
1.333
1.331
1.3245
1.323
1.316
Thu, Sep 17 2020, 20:57 USDCAD Subscribe! Subscribers Only Subscribers Only