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Intraday forecastUS Dollar / Canadian Dollar Gráfico técnico
SímboloUSDCAD
Release TimeMayo 10, 2021 - 14:57
Advisesell (limit) below R1=1.2155
Intraday
Short term
Yesterday range67
Yesterday high1.2193
Yesterday low1.2126
Yesterday close1.2128
R31.227
R21.2185
R11.2155
S11.2085
S21.2055
S31.203
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.2155.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.2085.
TP4: S2=1.2055.
Set the stoploss of these orders at breakout of R2=1.2185.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.2185.
In this situation, there is an expectation to reach the target R3=1.227.
Set the stoploss of reverse orders at breakout of R1=1.2155.

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