NZD/USD – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance line at 0.5926 will continue.

Caution: A possible reversal of the trend in the direction of the support line at 0.58563 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ” indicator layout is detected. The indicator is ”. which could be a negative signal. The pair is likely to go down.

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Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.

Additionally a ‘Three Outside Up’ candlestick pattern is existing. The chart shows ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.59054 – 0.5926 – 0.59244 – 0.58563 – 0.58599 – 0.58735 —
0.58881 – 0.59066 —
52.005752656184 – 63.607580759756 —
– —
0.59054 – 1778005800

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – Symmetrical Triangle Chart Pattern – – – – – – – –