The pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards
An ascent up to the next resistance at 0.59152 is certain.
Caution: A possible counter-trend in the direction of support at could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.
There is also a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59481 |
| 2nd High | 0.59456 |
| Next High | 0.59152 |
| Current Price | 0.59000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.59152 – 0.59143 – 0.59456 – 0.58725 – 0.59017 – 0.59004 —
0.58710 – 0.58909 —
33.350210317504 – 50.580039835892 —
– —
0.59152 – 1772789400
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –