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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeApril 7, 2021 - 20:56
Advisebuy (limit) above S1=1.258
Intraday
Short term
Yesterday range66
Yesterday high1.2583
Yesterday low1.2517
Yesterday close1.2563
R31.2735
R21.2685
R11.2645
S11.258
S21.2565
S31.2495
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.258.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.2645.
TP4: R2=1.2685.
Set the stoploss of these orders at breakout of S2=1.2565.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2565.
In this situation, there is an expectation to reach the target S3=1.2495.
Set the stoploss of reverse orders at breakout of S1=1.258.

Latest forecasts
Release Time Symbol Intraday R S
Mon, Apr 12 2021, 20:36 USDCAD free 1.2645
1.261
1.2585
1.2525
1.2505
1.243
Mon, Apr 12 2021, 14:27 USDCAD Subscribe! Subscribers Only Subscribers Only
Thu, Apr 8 2021, 21:06 USDCAD Subscribe! Subscribers Only Subscribers Only
Wed, Apr 7 2021, 20:56 USDCAD Subscribe! Subscribers Only Subscribers Only
Tue, Apr 6 2021, 20:51 USDCAD Subscribe! Subscribers Only Subscribers Only