NZD/USD – 30M – BUYNext a ‘Double top chart pattern’ chart layout is found. The chart picture forms ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.
Next a ‘Bullish Meeting Lines’ candlestick pattern is detected. The candles show ‘Bullish Meeting Lines’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Meeting Lines’ going up is 56% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59302 |
| 2nd High | 0.58977 |
| Next High | 0.58945 |
| Current Price | 0.58732 |
| Next Low | 0.58533 |
| 2nd Low | 0.58425 |
| 3rd Low | 0.58177 |
0.58945 – 0.58916 – 0.58677 – 0.58775 – 0.58533 – 0.58425 — 57.915303812459 – 51.700277910678 — 25.357347440215 – 25.259773600553 – 16.464052522266 – 22.967662006557
Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Meeting Lines – Double top chart pattern – –