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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeMarch 25, 2020 - 20:06
Advisesell (limit) below R1=1.4295
Intraday
Short term
Yesterday range157
Yesterday high1.4531
Yesterday low1.4374
Yesterday close1.4462
R31.4475
R21.4335
R11.4295
S11.4165
S21.408
S31.399
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.4295.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.4165.
TP4: S2=1.408.
Set the stoploss of these orders at breakout of R2=1.4335.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.4335.
In this situation, there is an expectation to reach the target R3=1.4475.
Set the stoploss of reverse orders at breakout of R1=1.4295.

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