NZD/USD – 1H – BUY

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

An ascending movement upwards to the next resistance at 0.60527 will continue.

Caution: A possible trend reversal in the direction of the support level at 0.59279 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.

Furthermore a ‘Bullish Belt Hold’ chart pattern is detected. The chart forms ‘Bullish Belt Hold’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.60527 – 0.60479 – 0.60503 – 0.60039 – 0.60187 – 0.60141 —
0.60023 – 0.60056 —
32.607128054741 – 31.646764369743 —
– —
0.60527 – 1771376400

Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Belt Hold – Double top retreat up – – – – – – – –