NZD/USD – 4H – BUY

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

A bullish trend upwards to the next resistance at 0.60125 will persist.

Caution: A possible counter-trend in the direction of the support level at 0.58356 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘Three White Soldiers’ chart pattern is existing. The candles show ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

0.60125 – 0.6003 – 0.60527 – 0.58356 – 0.5942 – 0.59375 —
0.59358 – 0.59017 —
48.845384506053 – 41.595550268622 —
– —
0.60125 – 1772078400

Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – – – – – – – – –