NZD/USD – 1H – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 0.60503 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.60143 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three White Soldiers’ chart pattern is found. The candles show ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60925 |
| 2nd High | 0.60818 |
| Next High | 0.60503 |
| Current Price | 0.60912 |
| Next Low | 0.60143 |
| 2nd Low | 0.60073 |
| 3rd Low | 0.59546 |
0.60503 – 0.59987 – 0.59749 – 0.60143 – 0.60073 – 0.59546 —
0.60442 – 0.60645 —
63.045030397301 – 64.898792968226 —
0.60143 – 1769634000 —
0.60503 – 1769551200
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – Inverse Head and Shoulder chart pattern – – – – – – – –