NZD/USD – 30M – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 0.58454 will continue.
Caution: A possible change in the direction of the support level at 0.58207 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three White Soldiers’ candle pattern is discovered. The chart shows ‘Three White Soldiers’. 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 White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59173 |
| 2nd High | 0.58915 |
| Next High | 0.58454 |
| Current Price | 0.58751 |
| Next Low | 0.58207 |
| 2nd Low | 0.58147 |
| 3rd Low | 0.57919 |
0.58454 – 0.58915 – 0.58898 – 0.58207 – 0.58147 – 0.5856 —
0.58311 – 0.58592 —
46.747943660774 – 68.407661251757 —
– —
0.58454 – 1777519800
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – – – – – – – – –