NZD/USD – 4H – BUY

The combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline up.

An ascending movement upwards to the next resistance at 0.60629 will continue.

Caution: A possible change in the direction of the support line at could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.60922 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance line at 0.60629 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. 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 success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.60629 – 0.60922 – 0.57821 – 0.59279 – 0.59901 – 0.57251 —
0.59771 – 0.60265 —
43.066773766741 – 51.73073239376 —
– —
0.60629 – 1770148800

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – Symmetrical Triangle Chart Pattern – – – – – – – –