NZD/USD – 30M – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline down.
The bearish trend downwards to the next support level at 0.57910 is certain.
Caution: A possible change in the direction of the resistance zone at 0.58877 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bullish Tri-Star’ candle pattern is detected. The candles form ‘Bullish Tri-Star’. 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 probability of ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59044 |
| 2nd High | 0.58886 |
| Next High | 0.58877 |
| Current Price | 0.58029 |
| Next Low | 0.57910 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Tri-Star