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Intraday forecastNew Zealand Dollar / US Dollar technical chart
SymbolNZDUSD
Release TimeMay 15, 2019 - 20:02
Advisebuy (limit) above S1=0.6545
Intraday
Short term
Yesterday range27
Yesterday high0.6591
Yesterday low0.6564
Yesterday close0.6574
R30.6615
R20.659
R10.6575
S10.6545
S20.653
S30.646
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6545.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6575.
TP4: R2=0.659.
Set the stoploss of these orders at breakout of S2=0.653.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.653.
In this situation, there is an expectation to reach the target S3=0.646.
Set the stoploss of reverse orders at breakout of S1=0.6545.

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