NZD/USD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 0.59235 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 0.59235 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Outside Up’ candle chart pattern is detected. The candles show ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59404 |
| 2nd High | 0.59287 |
| Next High | 0.59235 |
| Current Price | 0.59102 |
| Next Low | 0.58787 |
| 2nd Low | 0.58576 |
| 3rd Low | 0.58397 |
0.59235 – 0.58829 – 0.58925 – 0.58787 – 0.58576 – 0.58397 —
0.59135 – 0.59059 —
57.7386079499 – 42.894261700975 —
– —
0.59235 – 1777311000
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – – – – – – – – –