NZD/USD – 1H – BUY

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

A bullish movement up to the next resistance at 0.59479 is expected.

Caution: A possible trend reversal in the direction of support at 0.57397 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

0.59479 – 0.5964 – 0.59152 – 0.58914 – 0.59206 – 0.59071 —
0.58182 – 0.57920 —
27.220821878081 – 32.977882958796 —
– —
0.59479 – 1773216000

Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – – – – – – – – –