USDCAD Intraday Forecast | Forex | Forecast City

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Intraday forecasts

Forex
Symbol	Released
EURUSD	Sep 07
GBPUSD	Sep 07
AUDUSD	Sep 07
NZDUSD	Sep 07
USDCHF	Sep 07
EURJPY	Sep 05
GBPJPY	Sep 05
USDCAD	Sep 05
USDJPY	Sep 05

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Intraday forecast		US Dollar / Canadian Dollar technical chart
Symbol	USDCAD
Release Time	January 18, 2022 - 23:22
Advise	sell (limit) below R1=1.254
Intraday
Short term
Yesterday range	77
Yesterday high	1.2563
Yesterday low	1.2486
Yesterday close	1.2513
R3	1.2635
R2	1.256
R1	1.254
S1	1.2485
S2	1.247
S3	1.2445
Trade setup
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.254. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.2485. TP4: S2=1.247. Set the stoploss of these orders at breakout of R2=1.256. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.256. In this situation, there is an expectation to reach the target R3=1.2635. Set the stoploss of reverse orders at breakout of R1=1.254.

Latest forecasts
Release Time	Symbol		Intraday	R	S
Mon, Sep 5 2022, 17:34	USDCAD		Subscribe!	Subscribers Only	Subscribers Only
Wed, Aug 31 2022, 21:40	USDCAD		Subscribe!	Subscribers Only	Subscribers Only
Tue, Aug 30 2022, 21:58	USDCAD		Subscribe!	Subscribers Only	Subscribers Only
Thu, Aug 25 2022, 20:34	USDCAD		Subscribe!	Subscribers Only	Subscribers Only
Wed, Aug 24 2022, 21:45	USDCAD^free			1.316 1.306 1.3015	1.293 1.288 1.283