NZD/USD – 30M – BUY

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

An ascending movement upwards to the next resistance line at 0.58441 is likely expected.

Caution: A possible change in the direction of the support level at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The pair is likely to go up.

And also a ‘Three Outside Up’ candle chart pattern is detected. The candles form ‘Three Outside Up’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.58441 – 0.58322 – 0.58229 – 0.5769 – 0.57854 – 0.58007 —
0.58248 – 0.58194 —
56.719116110201 – 47.469100348925 —
– —
0.58441 – 1781217000

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – – – – – – – – –