NZD/USD – 30M – BUYAdditionally a ‘Bullish Engulfing’ chart pattern is found. The candles form ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59047 |
| 2nd High | 0.58970 |
| Next High | 0.58922 |
| Current Price | 0.58867 |
| Next Low | 0.58806 |
| 2nd Low | 0.58800 |
| 3rd Low | 0.58151 |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Engulfing