NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline upwards
An ascent upwards to the next resistance at 0.58922 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.58806 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles form ‘Three White Soldiers’. this 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 | 0.59047 |
| 2nd High | 0.58970 |
| Next High | 0.58922 |
| Current Price | 0.58953 |
| Next Low | 0.58806 |
| 2nd Low | 0.58800 |
| 3rd Low | 0.58151 |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers