NZD/USD – 30M – BUY

The combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the descending trendline upwards

An ascending movement up to the next resistance level at 0.6047 is certain.

Caution: A possible counter-trend in the direction of support at 0.59546 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Up’ candle chart pattern is found. The candles form ‘Three Outside Up’. which is a bullish 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).

0.6047 – 0.60629 – 0.60575 – 0.59872 – 0.60266 – 0.60191 —
0.59913 – 0.59879 —
28.089786086454 – 38.169381982928 —
– —
0.6047 – 1770199200

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