NZD/USD – 30M – BUY

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

A bullish trend up to the next resistance at 0.58925 is expected.

Caution: A possible trend reversal in the direction of the support level at 0.58759 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘MACD Bullish Divergence’ indicator layout is discovered. The indicator shows ‘MACD Bullish Divergence’. which is often a bullish chart signal. The pair is likely to go up.

Moreover a ‘Three White Soldiers’ candlestick pattern is detected. The chart forms ‘Three White Soldiers’. 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 chance of ‘Three White Soldiers’ going up is 82%.

0.58925 – 0.59206 – 0.59223 – 0.58759 – 0.58978 – 0.58718 —
0.58771 – 0.58844 —
28.172298923621 – 47.51274054994 —
– —
0.58925 – 1776942000

Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –