NZD/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.56338 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 0.56338 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Three Outside Up’ candle pattern is found. The candles form ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.56640 |
| 2nd High | 0.56462 |
| Next High | 0.56338 |
| Current Price | 0.56274 |
| Next Low | 0.55930 |
| 2nd Low | 0.55927 |
| 3rd Low | 0.55865 |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up