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Intraday forecastNew Zealand Dollar / US Dollar technical chart
SymbolNZDUSD
Release TimeMayıs 12, 2013 - 21:46
Advisesell (limit) below R1=0.8325
Intraday
Short term
Yesterday range162
Yesterday high0.842
Yesterday low0.8258
Yesterday close0.8301
R30.845
R20.836
R10.8325
S10.828
S20.826
S30.82
Trade setup

As we forecast Düşüş trend for this day, so Forecast City suggests sell (limit) below R1=0.8325.
As short term forecast is Düşüş trend too, so there is an expectation to reach the following targets:
TP1: S1=0.828.
TP2: S2=0.826.
TP3: S3=0.82.
TP4:
To follow the trend, set an order without takeprofit (free trade) and while short term forecast remains unchanged, keep it open.
Set the stoploss of these orders at breakout of R2=0.836.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.836.
In this situation, there is an expectation to reach the target R3=0.845.
Set the stoploss of reverse orders at breakout of R1=0.8325.

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