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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeKasım 20, 2019 - 20:08
Advisebuy (limit) above S1=1.3285
Intraday
Short term
Yesterday range82
Yesterday high1.3272
Yesterday low1.319
Yesterday close1.3267
R31.3385
R21.336
R11.334
S11.3285
S21.327
S31.32
Trade setup

As we forecast Yükseliş trend for this day, so Forecast City suggests buy (limit) above S1=1.3285.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.334.
TP4: R2=1.336.
Set the stoploss of these orders at breakout of S2=1.327.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.327.
In this situation, there is an expectation to reach the target S3=1.32.
Set the stoploss of reverse orders at breakout of S1=1.3285.

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