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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeHaziran 22, 2022 - 22:44
Advisesell (limit) below R1=1.297
Intraday
Short term
Yesterday range85
Yesterday high1.2997
Yesterday low1.2912
Yesterday close1.2945
R31.3055
R21.2985
R11.297
S11.2905
S21.286
S31.2805
Trade setup

As we forecast Düşüş trend for this day, so Forecast City suggests sell (limit) below R1=1.297.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.2905.
TP4: S2=1.286.
Set the stoploss of these orders at breakout of R2=1.2985.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.2985.
In this situation, there is an expectation to reach the target R3=1.3055.
Set the stoploss of reverse orders at breakout of R1=1.297.

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