NZD/USD – 1H – BUY

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

A continuation of the uptrend up to the next resistance at 0.5926 is likely expected.

Caution: A possible trend reversal in the direction of support at 0.58563 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Besides a ‘Three White Soldiers’ candlestick chart pattern is found. The candles form ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

0.5926 – 0.59244 – 0.59101 – 0.58563 – 0.58865 – 0.58147 —
0.58947 – 0.59192 —
57.595516951292 – 72.862697537763 —
– —
0.5926 – 1777874400

Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – – – – – – – – –