NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards
The bullish trend up to the next resistance at 0.59197 will persist.
Caution: A possible trend reversal in the direction of the support line at 0.58914 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Bullish Belt Hold’ candle chart pattern is existing. The chart shows ‘Bullish Belt Hold’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59479 |
| 2nd High | 0.59404 |
| Next High | 0.59197 |
| Current Price | 0.59078 |
| Next Low | 0.58914 |
| 2nd Low | 0.5848 |
| 3rd Low | 0.58356 |
0.59197 – 0.59404 – 0.59479 – 0.58914 – 0.59206 – 0.59071 —
0.59058 – 0.59075 —
41.005966847926 – 44.425477027148 —
– —
0.59197 – 1773275400
Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Belt Hold – Symmetrical Triangle Chart Pattern – – – – – – – –