NZD/USD – 30M – BUY

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

A bullish ascent up to the next resistance line at 0.58915 will persist.

Caution: A possible trend reversal in the direction of support at 0.58147 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Up’ candle chart pattern is existing. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.58915 – 0.58898 – 0.59173 – 0.58147 – 0.5856 – 0.58743 —
0.58335 – 0.58325 —
43.114884755859 – 43.034263058981 —
– —
0.58915 – 1777431600

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