In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.
In addition a ‘Bullish Engulfing’ candle pattern is detected. The chart forms ‘Bullish Engulfing’. 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 ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.5819 |
| 2nd High | 0.581 |
| Next High | 0.57976 |
| Current Price | 0.57888 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.57976 – 0.581 – 0.57917 – 0.57768 – 0.57682 – 0.57788 —
0.57907 – 0.57911 —
49.816623078522 – 55.085104045899 —
0.57768 – 1767745800 —
0.57976 – 1767717000
Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Engulfing – – – – – – – – –