The currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bearish trendline upwards
A bullish ascent upwards to the next resistance level at 0.58578 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.58331 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.
Then a ‘Bearish SBS White Lines’ candle pattern is discovered. The candles show ‘Bearish SBS White Lines’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58639 |
| 2nd High | 0.58629 |
| Next High | 0.58578 |
| Current Price | 0.58345 |
| Next Low | 0.58331 |
| 2nd Low | 0.58014 |
| 3rd Low | 0.57436 |
0.58578 – 0.58629 – 0.58253 – 0.58331 – 0.58336 – 0.58014 —
0.58459 – 0.58397 —
54.64157405986 – 41.368502938514 —
– —
0.58578 – 1784194200
Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish SBS White Lines – – – – – – – – –