NZD/USD – 4H – BUY

The currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards

An ascending movement up to the next resistance level at 0.59481 is certain.

Caution: A possible change in the direction of the support line at 0.5848 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bearish SBS White Lines’ candle chart pattern is detected. The candles form ‘Bearish SBS White Lines’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

0.59481 – 0.60125 – 0.6003 – 0.5848 – 0.58356 – 0.5942 —
0.59435 – 0.59330 —
53.784175944065 – 48.872016223706 —
– —
0.59481 – 1772668800

Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish SBS White Lines – – – – – – – – –