NZD/USD – 30M – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline up.
The bullish trend upwards to the next resistance at 0.59244 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.
Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.
Additionally a ‘Bullish Belt Hold’ candle pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59404 |
| 2nd High | 0.59287 |
| Next High | 0.59244 |
| Current Price | 0.59089 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.59244 – 0.59085 – 0.59101 – 0.58952 – 0.58865 – 0.58207 —
0.58983 – 0.59058 —
43.666822151408 – 50.990300879067 —
0.58952 – 1777852800 —
0.59244 – 1777654800
Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Belt Hold – – – – – – – – –