NZD/USD – 1H – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline down.
A descending movement downwards to the next support at 0.57585 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.57926 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bullish Tri-Star’ candle chart pattern is found. The candles show ‘Bullish Tri-Star’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58877 |
| 2nd High | 0.58171 |
| Next High | 0.57926 |
| Current Price | 0.57602 |
| Next Low | 0.57585 |
| 2nd Low | 0.57534 |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Tri-Star