NZD/USD – 1H – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 0.57297 will persist.
Caution: A possible trend reversal in the direction of support at 0.56623 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
In addition a ‘Bullish Belt Hold’ candle chart pattern is found. The candles form ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.5806 |
| 2nd High | 0.58011 |
| Next High | 0.57297 |
| Current Price | 0.57039 |
| Next Low | 0.56623 |
| 2nd Low | 0.55909 |
| 3rd Low | 0.55823 |
0.56963 – 0.56213 – 0.56153 – 0.56623 – 0.55909 – 0.55823 —
0.56800 – 0.57010 —
67.621132800866 – 75.071186326772 —
– —
0.56963 – 1764133200
Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Belt Hold – Double top chart pattern – – – – – – – –