NZD/USD – 4H – BUYAdditionally a ‘Hammer’ candlestick pattern is discovered. The candles form ‘Hammer’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57926 |
| 2nd High | 0.56719 |
| Next High | 0.56640 |
| Current Price | 0.56402 |
| Next Low | 0.55865 |
| 2nd Low | |
| 3rd Low |