NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline downwards
A bearish movement downwards to the next support line at will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.57677 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Outside Up’ candlestick chart pattern is found. The candles show ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58171 |
| 2nd High | 0.57926 |
| Next High | 0.57677 |
| Current Price | 0.57394 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up