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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeApril 12, 2021 - 14:27
Advisebuy (limit) above S1=1.2525
Intraday
Short term
Yesterday range85
Yesterday high1.2611
Yesterday low1.2526
Yesterday close1.2532
R31.2645
R21.261
R11.2585
S11.2525
S21.2505
S31.243
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2525.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.2585.
TP4: R2=1.261.
Set the stoploss of these orders at breakout of S2=1.2505.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2505.
In this situation, there is an expectation to reach the target S3=1.243.
Set the stoploss of reverse orders at breakout of S1=1.2525.

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