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Intraday forecastUS Dollar / Canadian Dollar Gráfico técnico
SímboloUSDCAD
Release TimeMayo 16, 2022 - 14:18
Advisesell (limit) below R1=1.296
Intraday
Short term
Yesterday range142
Yesterday high1.3048
Yesterday low1.2906
Yesterday close1.2908
R31.306
R21.298
R11.296
S11.288
S21.2815
S31.272
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.296.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.288.
TP4: S2=1.2815.
Set the stoploss of these orders at breakout of R2=1.298.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.298.
In this situation, there is an expectation to reach the target R3=1.306.
Set the stoploss of reverse orders at breakout of R1=1.296.

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