NZD/USD – 30M – BUY

Then a ‘Double top retreat up’ chart pattern is existing. The chart picture shows ‘Double top retreat up’. which is a positive signal. The currency pair is likely to rise.

The currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline upwards

A bullish movement upwards to the next resistance level at 0.60473 will continue.

Caution: A possible trend reversal in the direction of the support level at 0.59967 should be noted.
Consider stop-loss settings accordingly.

Then a ‘MACD crosses above signal’ indicator layout is found. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair could go up.

Then a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.60355664 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 0.60473 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Up’ chart pattern is found. The candles show ‘Three Outside Up’. which is a positive chart scenario. The pair is likely to go up. 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).

0.60473 – 0.60756 – 0.6061 – 0.60252 – 0.60387 – 0.60397 —
0.60355 – 0.60239 —
42.647174132753 – 35.727613611297 —
– —
0.60473 – 1770940800

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – Double top retreat up – – – – – – – –