NZD/USD – 30M – BUY

The combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards

A bullish ascent upwards to the next resistance line at 0.60496 is expected.

Caution: A possible change in the direction of support at 0.60187 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.

Moreover a ‘Bullish Belt Hold’ candle pattern is found. The chart forms ‘Bullish Belt Hold’. 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.60496 – 0.60355 – 0.60479 – 0.60187 – 0.60296 – 0.60225 —
0.60331 – 0.60321 —
37.877052993377 – 52.612668949928 —
– —
0.60496 – 1771333200

Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Belt Hold – Double top retreat up – – – – – – – –