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Intraday forecastNew Zealand Dollar / US Dollar technical chart
SymbolNZDUSD
Release TimeSeptember 5, 2022 - 14:20
Advisebuy (limit) above S1=0.606
Intraday
Short term
Yesterday range90
Yesterday high0.614
Yesterday low0.605
Yesterday close0.6112
R30.6195
R20.6135
R10.612
S10.606
S20.605
S30.5985
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.606.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.612.
TP4: R2=0.6135.
Set the stoploss of these orders at breakout of S2=0.605.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.605.
In this situation, there is an expectation to reach the target S3=0.5985.
Set the stoploss of reverse orders at breakout of S1=0.606.

Latest forecasts
Release Time Symbol Intraday R S
Wed, Sep 7 2022, 21:05 NZDUSD Subscribe! Subscribers Only Subscribers Only
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