NZD/USD – 1H – BUY

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

An ascent up to the next resistance at 0.60022 is expected.

Caution: A possible trend reversal in the direction of the support level at 0.5891 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three White Soldiers’ candlestick pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

0.60022 – 0.60629 – 0.60575 – 0.59762 – 0.60191 – 0.59901 —
0.59915 – 0.59457 —
43.494045004791 – 31.697897191884 —
– —
0.60022 – 1770303600

Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – Double bottom chart pattern – – – – – – – –