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 0.59736 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 0.59570 could occur.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.5988604 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.59736 could occur.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Up’ candle pattern is existing. The candles form ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.59736 – 0.59709 – 0.59709 – 0.59570 – 0.5942 – 0.59471 —
0.59657 – 0.59751 —
49.722598846549 – 56.024117514706 —
0.59570 – 1771977600 —
0.59736 – 1771959600

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – Symmetrical Triangle Chart Pattern – – – – – – – –