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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeJune 27, 2022 - 15:03
Advisesell (limit) below R1=1.2915
Intraday
Short term
Yesterday range117
Yesterday high1.3006
Yesterday low1.2889
Yesterday close1.2893
R31.301
R21.2935
R11.2915
S11.286
S21.2835
S31.2805
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.2915.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.286.
TP4: S2=1.2835.
Set the stoploss of these orders at breakout of R2=1.2935.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.2935.
In this situation, there is an expectation to reach the target R3=1.301.
Set the stoploss of reverse orders at breakout of R1=1.2915.

Latest forecasts
Release Time Symbol Intraday R S
Mon, Sep 5 2022, 17:34 USDCAD Subscribe! Subscribers Only Subscribers Only
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