NZD/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 0.60922 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.6089 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three White Soldiers’ candle chart pattern is existing. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61058 |
| 2nd High | 0.60922 |
| Next High | 0.6089 |
| Current Price | 0.60792 |
| Next Low | 0.60222 |
| 2nd Low | 0.60143 |
| 3rd Low | 0.60073 |
0.6089 – 0.60922 – 0.60443 – 0.60222 – 0.60438 – 0.60143 —
0.60552 – 0.60685 —
45.617072499838 – 52.4746024675 —
– —
0.60890 – 1769704200
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – – – – – – – – –