NZD/USD – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance level at 0.58915 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 0.58207 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish SBS White Lines’ candle pattern is detected. The chart shows ‘Bearish SBS White Lines’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

0.58454 – 0.58915 – 0.58898 – 0.58207 – 0.58147 – 0.5856 —
0.58947 – 0.59062 —
75.925361300172 – 69.847455330509 —
– —
0.58454 – 1777519800

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