NZD/USD – 1H – BUY

The pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline up.

A continuation of the uptrend upwards to the next resistance level at 0.56213 is certain.

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

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. 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 is certain. Current target is 0.56269 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.56213 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Bullish Engulfing’ candle chart pattern is existing. The candles show ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

0.56213 – 0.56153 – 0.56384 – 0.55823 – 0.55791 – 0.55896 —
0.56042 – 0.56145 —
38.778313598623 – 52.001830414693 —
– —
0.56213 – 1764039600

Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Engulfing – – – – – – – – –