NZD/USD – 30M – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline down.
A descending movement down to the next support at 0.56123 will continue.
Caution: A possible change in the direction of the resistance zone at 0.56619 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Harami’ candlestick pattern is detected. The candles form ‘Bullish Harami’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Harami’ going up is 53% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57677 |
| 2nd High | 0.57369 |
| Next High | 0.56619 |
| Current Price | 0.56592 |
| Next Low | 0.56123 |
| 2nd Low | 0.56076 |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Harami