NZD/USD – 1H – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline upwards
An ascending movement up to the next resistance line at 0.57443 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.57106 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bullish Belt Hold’ candle chart pattern is discovered. The candles show ‘Bullish Belt Hold’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58011 |
| 2nd High | 0.57512 |
| Next High | 0.57443 |
| Current Price | 0.57480 |
| Next Low | 0.57106 |
| 2nd Low | 0.57084 |
| 3rd Low | 0.56623 |
0.57443 – 0.57512 – 0.5744 – 0.57106 – 0.57084 – 0.56623 —
0.57467 – 0.57465 —
63.25223911502 – 55.135714481243 —
– —
0.57443 – 1764694800
Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Belt Hold – Double top chart pattern – – – – – – – –