Get started

Usdollarcanadiandollar

Don't miss the great sell opportunity in USDCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.3065). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCAD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 27. Take Profits: TP1= @ 1.2950 TP2= @ 1.2793 TP3= @ 1.2543 SL= Break below S2
Short
by ForecastCity_EU
1
USDCAD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.3225. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.3175. TP4: S2=1.3155. Set the stoploss of these orders at breakout of R2=1.3245. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.3245. In this situation, there is an expectation to reach the target R3=1.332. Set the stoploss of reverse orders at breakout of R1=1.3225. Set the stoploss of reverse orders at breakout of R1=0.996. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity
USDCAD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3265. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.332. TP4: R2=1.335. Set the stoploss of these orders at breakout of S2=1.3245. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.3245. In this situation, there is an expectation to reach the target S3=1.317. Set the stoploss of reverse orders at breakout of S1=1.3265. Set the stoploss of reverse orders at breakout of R1=0.996. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
A trading opportunity to Sell in USDCADMidterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.3170 would begin in Midterm. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 1.3050 on 11/02/2018, so more gains to resistance(s) 1.3225 and maximum to Sell Zone (1.3290 to 1.3385) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 64. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (1.3290 to 1.3385). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. Beginning of entry zone (1.3290) Ending of entry zone (1.3385) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1 : @1.3225 TP2 : @1.3170 TP3 : @1.3080 TP4 : @1.2885 TP5 : @1.2805 TP6 : @1.2730 TP7 : @1.2565 TP8 : @1.2250 TP9 : @1.2060 TP10 : Free
Short
by ForecastCity
While 1.2885 is not broken, bullish wave in price would begin.Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.2885 would begin in Midterm. Trading suggestion: By appearing primary signs of entering the market, new entry zone and short-term targets would be published. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 1.3080 on 09/27/2018, so more losses minimum to Major Support (1.2885) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 41. Supports and Resistances: 1: 1.4690 2: 1.4200 3: 1.3795 4: 1.3385 5: 1.3260 6: 1.3000 7: 1.2805 8: 1.2730 9: 1.2665 10: 1.2545 11: 1.2465 12: 1.2250 13: 1.2060
by ForecastCity