NZD/USD – 30M – BUY

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

A bullish trend up to the next resistance level at 0.59197 will persist.

Caution: A possible trend reversal in the direction of the support level at 0.58914 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Up’ candlestick chart pattern is discovered. 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 likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.59197 – 0.59404 – 0.59479 – 0.58914 – 0.59206 – 0.59071 —
0.59082 – 0.59065 —
47.016256326062 – 45.531588493184 —
– —
0.59197 – 1773275400

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