NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.60822 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.60311 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.
And also a ‘Three Outside Up’ candlestick pattern is existing. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60922 |
| 2nd High | 0.6089 |
| Next High | 0.60822 |
| Current Price | 0.60500 |
| Next Low | 0.60311 |
| 2nd Low | 0.60222 |
| 3rd Low | 0.60143 |
0.60822 – 0.6089 – 0.60922 – 0.60311 – 0.60222 – 0.60438 —
0.60526 – 0.60509 —
44.227855090663 – 38.032979514143 —
– —
0.60822 – 1769729400
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – – – – – – – – –