NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline downwards
The bearish trend down to the next support level at 0.56134 is certain.
Caution: A possible change in the direction of the resistance zone at 0.56593 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candlestick pattern is found. The candles show ‘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 | 0.56719 |
| 2nd High | 0.56607 |
| Next High | 0.56593 |
| Current Price | 0.56362 |
| Next Low | 0.56134 |
| 2nd Low | 0.56123 |
| 3rd Low | 0.56076 |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers