NZD/USD – 30M – BUY

Besides a ‘Head and Shoulder chart pattern’ chart layout is detected. The chart picture forms ‘Head and Shoulder chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

An ascending movement up to the next resistance at 0.60125 is certain.

Caution: A possible counter-trend in the direction of the support level at 0.59569 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.

Besides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

0.59867 – 0.60125 – 0.59913 – 0.59569 – 0.59591 – 0.5957 —
0.59890 – 0.59917 —
58.482859451829 – 52.256699658797 —
– —
0.59867 – 1772146800

Trading Signals: FOREX – NZD – NZD/USD – USD – – Head and Shoulder chart pattern – – – – – – – –