NZD/USD – 30M – BUY

The combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline up.

A bullish ascent up to the next resistance at 0.59644 is considered certain.

Caution: A possible counter-trend in the direction of the support line at 0.59375 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Moreover a ‘Three Outside Up’ candlestick chart pattern is existing. The chart forms ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.59644 – 0.59799 – 0.599 – 0.59375 – 0.59454 – 0.59575 —
0.59597 – 0.59548 —
51.745780340186 – 43.355221309308 —
– —
0.59644 – 1771585200

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – Double top chart pattern – – – – – – – –