NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance at 0.58541 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.58160 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles show ‘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 likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58855 |
| 2nd High | 0.58838 |
| Next High | 0.58541 |
| Current Price | 0.58347 |
| Next Low | 0.58160 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers