NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline downwards
A bearish movement downwards to the next support at 0.58038 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.58877 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Stick Sandwich’ candle chart pattern is detected. The candles show ‘Stick Sandwich’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Stick Sandwich’ heading up is 62% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59044 |
| 2nd High | 0.58886 |
| Next High | 0.58877 |
| Current Price | 0.58223 |
| Next Low | 0.58038 |
| 2nd Low | 0.57965 |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Stick Sandwich