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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeJune 29, 2020 - 20:57
Advisebuy (limit) above S1=1.3635
Intraday
Short term
Yesterday range88
Yesterday high1.3715
Yesterday low1.3627
Yesterday close1.3686
R31.379
R21.374
R11.3715
S11.3635
S21.3625
S31.356
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3635.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3715.
TP4: R2=1.374.
Set the stoploss of these orders at breakout of S2=1.3625.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.3625.
In this situation, there is an expectation to reach the target S3=1.356.
Set the stoploss of reverse orders at breakout of S1=1.3635.

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