NZD/USD – 1H – BUY

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

The bullish trend upwards to the next resistance level at 0.58688 is considered certain.

Caution: A possible change in the direction of the support level at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair could go down.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

Additionally a ‘Bearish SBS White Lines’ candlestick chart pattern is detected. The candles show ‘Bearish SBS White Lines’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.58688 – 0.59479 – 0.5964 – 0.58166 – 0.57737 – 0.58914 —
0.58276 – 0.58618 —
40.262313247135 – 60.173466944733 —
– —
0.58688 – 1773698400

Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish SBS White Lines – Rising Wedge Chart Pattern – – – – – – – –