NZD/USD – 30M – BUY

The currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the descending trendline up.

The bullish trend up to the next resistance line at 0.59552 will persist.

Caution: A possible trend reversal in the direction of support at 0.58336 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

Moreover a ‘Bullish Belt Hold’ candle pattern is detected. The candles form ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.59552 – 0.59565 – 0.59943 – 0.59158 – 0.59279 – 0.59467 —
0.58928 – 0.58842 —
37.941635907426 – 44.244151482622 —
– —
0.59552 – 1772506800

Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Belt Hold – – – – – – – – –