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Intraday forecastNew Zealand Dollar / US Dollar technical chart
SymbolNZDUSD
Release TimeMay 3, 2021 - 20:13
Advisesell (limit) below R1=0.723
Intraday
Short term
Yesterday range105
Yesterday high0.7255
Yesterday low0.715
Yesterday close0.7158
R30.7325
R20.725
R10.723
S10.718
S20.715
S30.71
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.723.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.718.
TP4: S2=0.715.
Set the stoploss of these orders at breakout of R2=0.725.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.725.
In this situation, there is an expectation to reach the target R3=0.7325.
Set the stoploss of reverse orders at breakout of R1=0.723.

Latest forecasts
Release Time Symbol Intraday R S
Thu, May 6 2021, 21:12 NZDUSD Subscribe! Subscribers Only Subscribers Only
Wed, May 5 2021, 20:14 NZDUSD Subscribe! Subscribers Only Subscribers Only
Mon, May 3 2021, 20:13 NZDUSD Subscribe! Subscribers Only Subscribers Only
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