The combination New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 0.58389 will continue.
Caution: A possible change in the direction of the support line at 0.58108 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.
And also a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair could go up.
And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Current target is 0.58441 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 0.58389 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Three White Soldiers’ candlestick chart pattern is found. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58454 |
| 2nd High | 0.58441 |
| Next High | 0.58389 |
| Current Price | 0.58361 |
| Next Low | 0.58108 |
| 2nd Low | 0.5769 |
| 3rd Low | 0.56939 |
0.58389 – 0.58441 – 0.58322 – 0.58108 – 0.5769 – 0.57854 —
0.58338 – 0.58301 —
58.350764710218 – 50.412258379485 —
– —
0.58389 – 1781267400
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –