NZD/USD – 4H – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards
A bearish movement down to the next support at 0.56076 is certain.
Caution: A possible change in the direction of the resistance zone at 0.57926 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candlestick pattern is discovered. The candles show ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. 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 | 0.56622 |
| Next Low | 0.56076 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers