NZD/USD – 30M – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards
A bullish movement up to the next resistance level at 0.56519 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.56333 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.565175 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.56519 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ chart pattern is detected. The candles form ‘Three White Soldiers’. 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 chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.56607 |
| 2nd High | 0.56538 |
| Next High | 0.56519 |
| Current Price | 0.56483 |
| Next Low | 0.56333 |
| 2nd Low | 0.56316 |
| 3rd Low | 0.56123 |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers