NZD/USD – 30M – BUY

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

A continuation of the uptrend up to the next resistance line at 0.58639 is certain.

Caution: A possible counter-trend in the direction of the support line at 0.58216 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Up’ candlestick pattern is existing. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. 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).

0.58639 – 0.58389 – 0.58441 – 0.58216 – 0.58108 – 0.5769 —
0.58596 – 0.58514 —
66.36821744041 – 58.248101504049 —
– —
0.58639 – 1781485200

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