NZD/USD – 30M – BUY

The currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline up.

A continuation of the uptrend upwards to the next resistance level at 0.59456 will persist.

Caution: A possible trend reversal in the direction of the support level at 0.58725 could happen.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.59294178 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.59456 could happen.
Consider stop-loss settings accordingly.

And also a ‘Three Outside Up’ candle chart pattern is detected. The chart shows ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.59456 – 0.59481 – 0.59328 – 0.58725 – 0.59017 – 0.59004 —
0.58992 – 0.59116 —
47.263798281221 – 52.910800230161 —
– —
0.59456 – 1772708400

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