NZD/USD – 30M – BUY

There is also a ‘Falling Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Falling Wedge Chart Pattern’. this is a bullish signal. The currency pair is likely to rise.

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

A bullish trend upwards to the next resistance at 0.60393 is expected.

Caution: A possible change in the direction of the support zone at 0.60092 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.60455 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 0.60393 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Bullish Engulfing’ candlestick chart pattern is found. The candles show ‘Bullish Engulfing’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

0.60393 – 0.60794 – 0.60875 – 0.60092 – 0.60449 – 0.60035

Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Engulfing