NZD/USD – 1H – BUY

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

An ascending movement upwards to the next resistance level at 0.60479 will persist.

Caution: A possible reversal of the trend in the direction of the support line at 0.60141 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The pair is likely to go up.

Besides a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Besides a ‘Three White Soldiers’ chart pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

0.60479 – 0.60503 – 0.60756 – 0.60141 – 0.60252 – 0.60387 —
0.60311 – 0.60373 —
35.663810872961 – 51.472209129738 —
– —
0.60479 – 1771239600

Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – Head and Shoulder chart pattern – – – – – – – –