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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeJune 24, 2022 - 00:34
Advisebuy (limit) above S1=1.2945
Intraday
Short term
Yesterday range81
Yesterday high1.3017
Yesterday low1.2936
Yesterday close1.2995
R31.31
R21.3075
R11.3035
S11.2945
S21.2935
S31.287
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2945.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.3035.
TP4: R2=1.3075.
Set the stoploss of these orders at breakout of S2=1.2935.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2935.
In this situation, there is an expectation to reach the target S3=1.287.
Set the stoploss of reverse orders at breakout of S1=1.2945.

Latest forecasts
Release Time Symbol Intraday R S
Fri, Aug 12 2022, 00:05 USDCAD Subscribe! Subscribers Only Subscribers Only
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Tue, Aug 9 2022, 22:07 USDCAD Subscribe! Subscribers Only Subscribers Only
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