NZD/USD – 1H – BUY

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

A bullish movement upwards to the next resistance at 0.6003 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 0.5942 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair could go up.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

In addition a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles form ‘Three White Soldiers’. which is a positive signal. 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 White Soldiers’ going up is 82%.

0.59709 – 0.6003 – 0.599 – 0.5942 – 0.59471 – 0.59375 —
0.59865 – 0.59889 —
53.207606139124 – 61.714564184126 —
– —
0.59709 – 1771909200

Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – Double bottom retreat down – – – – – – – –