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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeSeptember 17, 2021 - 00:14
Advisebuy (limit) above S1=1.2645
Intraday
Short term
Yesterday range83
Yesterday high1.27
Yesterday low1.2616
Yesterday close1.2682
R31.2815
R21.276
R11.2725
S11.2645
S21.2625
S31.255
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2645.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.2725.
TP4: R2=1.276.
Set the stoploss of these orders at breakout of S2=1.2625.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2625.
In this situation, there is an expectation to reach the target S3=1.255.
Set the stoploss of reverse orders at breakout of S1=1.2645.

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