NZD/USD – 30M – BUY

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.

Next a ‘Bullish Engulfing’ chart pattern is found. The candles show ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

0.57784 – 0.57783 – 0.57774 – 0.57567 – 0.57578 – 0.57609 —
0.57681 – 0.57695 —
48.151944349043 – 53.52075864066 —
– —
0.57784 – 1764869400

Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Engulfing – Double bottom chart pattern – – – – – – – –