Furthermore a ‘Bullish Engulfing’ chart pattern is existing. The chart shows ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.58877 |
2nd High | 0.58171 |
Next High | 0.57926 |
Current Price | 0.56661 |
Next Low | 0.56123 |
2nd Low | 0.56076 |
3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Engulfing