NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline down.
A descent down to the next support at 0.56306 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.56922 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Outside Up’ candle pattern is discovered. The candles form ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57677 |
| 2nd High | 0.57369 |
| Next High | 0.56922 |
| Current Price | 0.56367 |
| Next Low | 0.56306 |
| 2nd Low | 0.55930 |
| 3rd Low | 0.55927 |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up