NZD/USD – 1H – BUY

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

An ascent up to the next resistance level at 0.60043 is certain.

Caution: A possible reversal of the trend in the direction of the support zone at 0.5891 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘MACD crosses above signal’ indicator signal is found. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The pair is likely to go up.

Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Next a ‘Bullish Belt Hold’ candlestick pattern is detected. The candles show ‘Bullish Belt Hold’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

0.60043 – 0.59944 – 0.60125 – 0.59569 – 0.59591 – 0.5942 —
0.59671 – 0.59407 —
45.230306267756 – 41.947882394025 —
– —
0.60043 – 1772215200

Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Belt Hold – – – – – – – – –