NZD/USD – 4H – BUY

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

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 0.59907 at the Fibonacci level 1-Level. Caution: A possible change in the direction of resistance at 0.59907 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The 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%.

0.59907 – 0.5926 – 0.59235 – 0.58563 – 0.58147 – 0.58397 —
0.59605 – 0.59455 —
64.187699268768 – 55.283194394042 —
– —
0.59907 – 1778068800

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