NZD/USD – 1H – BUY

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

A bullish movement up to the next resistance at 0.59481 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 0.5848 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

Then a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair could go up.

Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to 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 0.59644868 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.59481 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

0.59152 – 0.59481 – 0.59066 – 0.5848 – 0.58572 – 0.58725 —
0.59142 – 0.59183 —
58.43206159403 – 57.712170383175 —
– —
0.59152 – 1772787600

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