NZD/USD – 4H – BUY

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair is likely to rise.

In addition a ‘MACD crosses above signal’ indicator layout is existing. The indicator shows ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.601005 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.60527 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Outside Up’ candle chart pattern is detected. The chart shows ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.60527 – 0.60756 – 0.60629 – 0.60141 – 0.60232 – 0.59279 —
0.59900 – 0.59597 —
36.948037847323 – 34.369166586469 —
– —
0.60527 – 1771372800

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