ForecastCity

AUDUSD Intraday Forecast

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.572.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.5845.
TP4: R2=0.5895.
Set the stoploss of these orders at breakout of S2=0.5695.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.5695.
In this situation, there is an expectation to reach the target S3=0.556.
Set the stoploss of reverse orders at breakout of S1=0.572.

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Comments

Thanks for sharing
+2 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, You got it.
Reply
It went up as it was expected to. Thanks.
+2 Reply
@fxniki, Yes, it did. Thanks for your comment.
+2 Reply
I will keep an eye on this!
+1 Reply
ForecastCity Best_Forecast
@Best_Forecast, We hope you find it beneficial.
Reply
This is such a complete analysis,
+1 Reply
ForecastCity Best_Forecast
@Best_Forecast, Thanks we hope you enjoy it.
Reply
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