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Intraday forecastUS Dollar / Canadian Dollar graphique technique
SymboleUSDCAD
Release Timeoctobre 13, 2021 - 21:00
Advisesell (limit) below R1=1.248
Intraday
Short term
Yesterday range48
Yesterday high1.2479
Yesterday low1.243
Yesterday close1.2442
R31.2575
R21.25
R11.248
S11.242
S21.239
S31.2345
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.248.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.242.
TP4: S2=1.239.
Set the stoploss of these orders at breakout of R2=1.25.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.25.
In this situation, there is an expectation to reach the target R3=1.2575.
Set the stoploss of reverse orders at breakout of R1=1.248.

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