NZD/USD – 4H – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline downwards
A bearish descent down to the next support at will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.57926 could happen.
Consider stop-loss settings accordingly.
Next a ‘Bullish Harami’ candlestick pattern is existing. The chart forms ‘Bullish Harami’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Harami’ going up is 53% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59286 |
| 2nd High | 0.58886 |
| Next High | 0.57926 |
| Current Price | 0.57323 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Harami