NZD/USD – 30M – BUY

The pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline upwards

An ascent upwards to the next resistance at 0.56213 will continue.

Caution: A possible reversal of the trend in the direction of support at 0.55909 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Bullish Belt Hold’ candle chart pattern is existing. The candles form ‘Bullish Belt Hold’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

0.56213 – 0.56153 – 0.56069 – 0.55909 – 0.5592 – 0.55949 —
0.56083 – 0.56242 —
52.549353768562 – 65.652431597998 —
– —
0.56213 – 1764039600

Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Belt Hold – Double bottom chart pattern – – – – – – – –