NZD/USD – 30M – BUY

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

The bullish trend upwards to the next resistance line at 0.599 is likely expected.

Caution: A possible change in the direction of the support level at 0.59575 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

Besides a ‘Three Outside Up’ chart pattern is discovered. The candles form ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. 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).

0.599 – 0.60135 – 0.60527 – 0.59575 – 0.5989 – 0.60039 —
0.59774 – 0.59565 —
43.84651743016 – 29.221688152749 —
– —
0.599 – 1771495200

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – – – – – – – – –