NZD/USD – 1H – BUY

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

The bullish trend upwards to the next resistance at 0.60125 will continue.

Caution: A possible counter-trend in the direction of the support level at 0.59591 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

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

0.60125 – 0.59709 – 0.6003 – 0.59591 – 0.5942 – 0.59471 —
0.59896 – 0.59735 —
45.589771429636 – 30.871133000433 —
– —
0.60125 – 1772078400

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – Double bottom retreat down – – – – – – – –