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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeJanuary 13, 2022 - 23:07
Advisebuy (limit) above S1=1.2475
Intraday
Short term
Yesterday range68
Yesterday high1.2521
Yesterday low1.2453
Yesterday close1.252
R31.2605
R21.2575
R11.2545
S11.2475
S21.2455
S31.238
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2475.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.2545.
TP4: R2=1.2575.
Set the stoploss of these orders at breakout of S2=1.2455.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2455.
In this situation, there is an expectation to reach the target S3=1.238.
Set the stoploss of reverse orders at breakout of S1=1.2475.

Latest forecasts
Release Time Symbol Intraday R S
Thu, Jan 20 2022, 21:40 USDCAD Subscribe! Subscribers Only Subscribers Only
Wed, Jan 19 2022, 20:30 USDCAD Subscribe! Subscribers Only Subscribers Only
Tue, Jan 18 2022, 23:22 USDCAD Subscribe! Subscribers Only Subscribers Only
Mon, Jan 17 2022, 23:51 USDCAD Subscribe! Subscribers Only Subscribers Only
Thu, Jan 13 2022, 23:07 USDCAD free 1.2605
1.2575
1.2545
1.2475
1.2455
1.238