NZD/USD – 30M – BUY

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

The bullish trend up to the next resistance line at 0.60479 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.60187 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.60503 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.60479 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three White Soldiers’ chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

0.60355 – 0.60479 – 0.60503 – 0.60187 – 0.60296 – 0.60225 —
0.60358 – 0.60421 —
55.608922980951 – 61.930675865806 —
– —
0.60355 – 1771281000

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