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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeApril 17, 2014 - 00:13
Advisebuy (limit) above S1=1.0985
Intraday
Short term
Yesterday range74
Yesterday high1.1031
Yesterday low1.0957
Yesterday close1.1008
R31.1085
R21.1065
R11.104
S11.0985
S21.0965
S31.089
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.0985.
On the other hand, short term forecast is downtrend, so trading is more risky this day and if you tend to set orders, invest less money and expect to reach the following target:
TP4: R1=1.104.
Set the stoploss of these orders at breakout of S2=1.0965.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.0965.
In this situation, there is an expectation to reach the target S3=1.089.
Set the stoploss of reverse orders at breakout of S1=1.0985.

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