NZD/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.59011 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.59011 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart shows ‘Three White Soldiers’. which 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 | 0.59722 |
| 2nd High | 0.59470 |
| Next High | 0.59011 |
| Current Price | 0.58942 |
| Next Low | 0.58776 |
| 2nd Low | 0.58359 |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers