NZD/USD – 1H – BUY

The currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the ascending trendline up.

A continuation of the upward movement upwards to the next resistance line at 0.59987 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.59546 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bearish SBS White Lines’ chart pattern is found. The chart shows ‘Bearish SBS White Lines’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.59987 – 0.59749 – 0.59276 – 0.59546 – 0.5891 – 0.58336 —
0.60183 – 0.60253 —
73.342286582918 – 55.225276645749 —
– —
0.59987 – 1769454000

Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish SBS White Lines – – – – – – – – –