The pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance at 0.56582 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.56396 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three White Soldiers’ candle pattern is discovered. The chart shows ‘Three White Soldiers’. this 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 White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.56732 |
| 2nd High | 0.5661 |
| Next High | 0.56582 |
| Current Price | 0.56532 |
| Next Low | 0.56396 |
| 2nd Low | 0.56313 |
| 3rd Low | 0.5626 |
0.56582 – 0.56578 – 0.5661 – 0.56396 – 0.56313 – 0.5626 —
0.56457 – 0.56529 —
43.026012038161 – 56.964653174035 —
– —
0.56582 – 1782725400
Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – – – – – – – – –