NZD/USD – 30M – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline downwards
The bearish trend downwards to the next support at 0.58800 will persist.
Caution: A possible change in the direction of the resistance level at 0.59047 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Line Strike – Bullish’ chart pattern is existing. The candles form ‘Three Line Strike – Bullish’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59216 |
| 2nd High | 0.59077 |
| Next High | 0.59047 |
| Current Price | 0.58878 |
| Next Low | 0.58800 |
| 2nd Low | 0.58151 |
| 3rd Low | 0.57965 |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Line Strike – Bullish