NZD/USD – 1H – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) moves from the descending trendline up.
A bullish movement upwards to the next resistance at 0.58171 will continue.
Caution: A possible counter-trend in the direction of the support line at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Outside Up’ chart pattern is detected. The chart forms ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58886 |
| 2nd High | 0.58877 |
| Next High | 0.58171 |
| Current Price | 0.57751 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up