Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.56348 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 0.56384 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.56886 |
| 2nd High | 0.56747 |
| Next High | 0.56384 |
| Current Price | 0.56120 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.56384 – 0.56747 – 0.56886 – 0.55791 – 0.55896 – 0.56378 —
0.55956 – 0.56122 —
45.862304656142 – 55.536407920914 —
– —
0.56384 – 1763654400
Trading Signals: FOREX – NZD – NZD/USD – USD – – Double bottom retreat down – – – – – – – –