NZD/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.5870627 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 0.58688 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three White Soldiers’ candle pattern is discovered. The chart forms ‘Three White Soldiers’. which is a bullish signal. 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 | 0.58855 |
| 2nd High | 0.58838 |
| Next High | 0.58688 |
| Current Price | 0.58655 |
| Next Low | 0.58358 |
| 2nd Low | 0.58160 |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers