NZD/USD – 30M – BUY

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

A bullish movement up to the next resistance line at 0.56519 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.56333 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.565175 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.56519 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three White Soldiers’ candle chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

Download NZD/USD Signal Image

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