NZD/USD – 30M – BUY

Next a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.582855 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.58349 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Up’ candlestick pattern is detected. The chart forms ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.58349 – 0.58428 – 0.58293 – 0.58208 – 0.57945 – 0.58216 —
0.58219 – 0.58102 —
35.620759264804 – 32.551139246185 —
– —
0.58349 – 1781668800

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