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Intraday forecastNew Zealand Dollar / US Dollar technical chart
SymbolNZDUSD
Release TimeAugust 1, 2020 - 11:14
Advisesell (limit) below R1=0.6675
Intraday
Short term
Yesterday range82
Yesterday high0.6701
Yesterday low0.6619
Yesterday close0.6698
R30.681
R20.6715
R10.6675
S10.6615
S20.658
S30.653
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.6675.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.6615.
TP4: S2=0.658.
Set the stoploss of these orders at breakout of R2=0.6715.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.6715.
In this situation, there is an expectation to reach the target R3=0.681.
Set the stoploss of reverse orders at breakout of R1=0.6675.

Latest forecasts
Release Time Symbol Intraday R S
Tue, Aug 11 2020, 20:30 NZDUSD new Subscribe! Subscribers Only Subscribers Only
Mon, Aug 10 2020, 20:18 NZDUSD Subscribe! Subscribers Only Subscribers Only
Mon, Aug 10 2020, 10:24 NZDUSD Subscribe! Subscribers Only Subscribers Only
Thu, Aug 6 2020, 21:10 NZDUSD free 0.6755
0.673
0.6715
0.6655
0.6635
0.656
Wed, Aug 5 2020, 20:07 NZDUSD Subscribe! Subscribers Only Subscribers Only