NZD/USD – 1H – BUY

Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.59021818 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 0.5926 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Up’ candle pattern is found. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.5926 – 0.59244 – 0.59101 – 0.58865 – 0.58147 – 0.58654 —
0.59035 – 0.58728 —
46.022011177788 – 30.639566080618 —
– —
0.5926 – 1777874400

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – – – – – – – – –