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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeEylül 15, 2021 - 10:06
Advisesell (limit) below R1=1.271
Intraday
Short term
Yesterday range97
Yesterday high1.2698
Yesterday low1.2601
Yesterday close1.2693
R31.2805
R21.273
R11.271
S11.264
S21.2605
S31.256
Trade setup

As we forecast Düşüş trend for this day, so Forecast City suggests sell (limit) below R1=1.271.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.264.
TP4: S2=1.2605.
Set the stoploss of these orders at breakout of R2=1.273.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.273.
In this situation, there is an expectation to reach the target R3=1.2805.
Set the stoploss of reverse orders at breakout of R1=1.271.

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