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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeOcak 16, 2020 - 20:49
Advisesell (limit) below R1=1.3065
Intraday
Short term
Yesterday range43
Yesterday high1.3077
Yesterday low1.3035
Yesterday close1.3041
R31.315
R21.308
R11.3065
S11.303
S21.3005
S31.2955
Trade setup

As we forecast Düşüş trend for this day, so Forecast City suggests sell (limit) below R1=1.3065.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.303.
TP4: S2=1.3005.
Set the stoploss of these orders at breakout of R2=1.308.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.308.
In this situation, there is an expectation to reach the target R3=1.315.
Set the stoploss of reverse orders at breakout of R1=1.3065.

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