NZD/USD – 4H – BUY

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The currency pair could go up.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.58994248 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.59235 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Up’ chart pattern is detected. The candles show ‘Three Outside Up’. this is a bullish chart scenario. 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).

0.59235 – 0.59223 – 0.59287 – 0.58147 – 0.58397 – 0.58492 —
0.59127 – 0.58700 —
57.819115874494 – 41.497809879678 —
– —
0.59235 – 1777305600

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