NZD/USD – 30M – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 0.57929 will persist.
Caution: A possible reversal of the trend in the direction of support at 0.57397 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘%K cross above 0.2’ indicator layout is detected. The indicator shows ‘%K cross above 0.2’. which is often a bullish chart signal. The currency pair is likely to rise.
Besides a ‘Three Line Strike – Bullish’ candlestick pattern is found. The candles form ‘Three Line Strike – Bullish’. this is a bullish pattern 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 Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.581 |
| 2nd High | 0.57976 |
| Next High | 0.57929 |
| Current Price | 0.57974 |
| Next Low | 0.57397 |
| 2nd Low | 0.57251 |
| 3rd Low | 0.57235 |
0.57792 – 0.57669 – 0.5752 – 0.57397 – 0.57413 – 0.57251 —
0.57937 – 0.57937 —
66.507374192614 – 55.357410650173 —
– —
0.57792 – 1768806000
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Line Strike – Bullish – Double bottom chart pattern – – – – – – – –