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Intraday forecastAustralian Dollar / US Dollar technical chart
SymbolAUDUSD
Release TimeJanuary 15, 2018 - 19:59
Advisebuy (limit) above S1=0.794
Intraday
Short term
Yesterday range77
Yesterday high0.7924
Yesterday low0.7848
Yesterday close0.7912
R30.8025
R20.8
R10.798
S10.794
S20.792
S30.7845
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.794.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.798.
TP4: R2=0.8.
Set the stoploss of these orders at breakout of S2=0.792.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.792.
In this situation, there is an expectation to reach the target S3=0.7845.
Set the stoploss of reverse orders at breakout of S1=0.794.

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