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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeSeptember 14, 2020 - 21:10
Advisebuy (limit) above S1=1.3145
Intraday
Short term
Yesterday range43
Yesterday high1.3196
Yesterday low1.3153
Yesterday close1.3174
R31.333
R21.326
R11.321
S11.3145
S21.312
S31.304
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3145.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.321.
TP4: R2=1.326.
Set the stoploss of these orders at breakout of S2=1.312.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.312.
In this situation, there is an expectation to reach the target S3=1.304.
Set the stoploss of reverse orders at breakout of S1=1.3145.

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