NZD/USD – 1H – BUY

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

An ascent up to the next resistance line at 0.58915 is certain.

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

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The pair is likely to go up.

Additionally a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

0.58915 – 0.59235 – 0.59223 – 0.58147 – 0.58654 – 0.58576 —
0.58311 – 0.58743 —
40.238704175749 – 67.129038702142 —
– —
0.58915 – 1777431600

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