NZD/USD – 1H – BUY

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

A bullish movement upwards to the next resistance line at 0.60786 is considered certain.

Caution: A possible reversal of the trend in the direction of support at 0.59901 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair is likely to rise.

Additionally a ‘Three Outside Up’ candle chart pattern is detected. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.60786 – 0.60922 – 0.60503 – 0.59901 – 0.60222 – 0.60143 —
0.60422 – 0.60363 —
58.304220979634 – 51.698403074787 —
– —
0.60786 – 1769781600

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – – – – – – – – –