NZD/USD – 1H – BUY

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 0.588435 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.59223 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.59223 – 0.59193 – 0.59203 – 0.584 – 0.58718 – 0.58492 —
0.58601 – 0.58598 —
33.77457283445 – 44.034709622773 —
– —
0.59223 – 1776855600

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – – – – – – – – –