NZD/USD – 30M – BUY

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

An ascent up to the next resistance at 0.59099 is certain.

Caution: A possible reversal of the trend in the direction of support at 0.58572 is also possible.
Consider stop-loss settings accordingly.

And also a ‘StochRSI %K crosses above 0.2’ indicator layout is existing. The indicator shows ‘StochRSI %K crosses above 0.2’. which is often a bullish signal. The currency pair could go up.

And also a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.

0.59099 – 0.59152 – 0.59143 – 0.58572 – 0.58725 – 0.59017 —
0.59012 – 0.58597 —
54.945158925762 – 32.232292529598 —
– —
0.59099 – 1772827200

Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Engulfing – – – – – – – – –