NZD/USD – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 0.58683 will continue.

Caution: A possible counter-trend in the direction of the support level at could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.

Besides a ‘Bearish SBS White Lines’ candle chart pattern is found. The candles show ‘Bearish SBS White Lines’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

0.58683 – 0.58688 – 0.58149 – 0.58419 – 0.58166 – 0.57986 —
0.58586 – 0.58629 —
53.547468083918 – 47.411039181171 —
– —
0.58683 – 1773781200

Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish SBS White Lines – – – – – – – – –