NZD/USD – 1H – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 0.60818 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.59546 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ candle chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61058 |
| 2nd High | 0.60925 |
| Next High | 0.60818 |
| Current Price | 0.60476 |
| Next Low | 0.59546 |
| 2nd Low | 0.5891 |
| 3rd Low | 0.58336 |
0.59987 – 0.59749 – 0.59276 – 0.59546 – 0.5891 – 0.58336 —
0.59957 – 0.60188 —
67.377811185628 – 74.682238685014 —
– —
0.59987 – 1769454000
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – – – – – – – – –