NZD/USD – 30M – BUY

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

A bullish ascent up to the next resistance line at 0.60355 is expected.

Caution: A possible trend reversal in the direction of the support level at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.60425532 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.60355 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Up’ candlestick chart pattern is detected. The chart shows ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.60355 – 0.60479 – 0.60503 – 0.60187 – 0.60296 – 0.60225 —
0.60278 – 0.60333 —
35.93797175957 – 50.448523767592 —
0.60187 – 1771300800 —
0.60355 – 1771281000

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – Head and Shoulder chart pattern – – – – – – – –