NZD/USD – 30M – 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 line at 0.59987 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.59587 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
In addition a ‘Three White Soldiers’ chart pattern is existing. 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’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.6079 |
| 2nd High | 0.60581 |
| Next High | 0.59987 |
| Current Price | 0.59895 |
| Next Low | 0.59587 |
| 2nd Low | 0.59538 |
| 3rd Low | 0.59514 |
0.59785 – 0.59987 – 0.59749 – 0.59587 – 0.59538 – 0.59514 —
0.59716 – 0.59780 —
46.861021269411 – 58.560898721723 —
– —
0.59785 – 1769488200
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –