NZD/USD – 30M – BUYAdditionally a ‘Bullish Engulfing’ candlestick pattern is existing. The chart forms ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59109 |
| 2nd High | 0.59044 |
| Next High | 0.58807 |
| Current Price | 0.58727 |
| Next Low | 0.58517 |
| 2nd Low | 0.58475 |
| 3rd Low | 0.58285 |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Engulfing