NZD/USD – 30M – BUY

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

A continuation of the uptrend up to the next resistance level at 0.59287 will continue.

Caution: A possible reversal of the trend in the direction of the support zone at 0.58714 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 0.5926 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.59287 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Up’ candlestick pattern is existing. The candles form ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.59054 – 0.5926 – 0.59244 – 0.58714 – 0.58563 – 0.58599 —
0.58972 – 0.59287 —
61.388841431757 – 76.518477998135 —
– —
0.59054 – 1778005800

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