NZD/USD – 4H – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline down.
A bearish descent downwards to the next support at is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.57926 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three White Soldiers’ candlestick pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59286 |
| 2nd High | 0.58886 |
| Next High | 0.57926 |
| Current Price | 0.56482 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers