NZD/USD – 30M – BUY

The currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bullish trendline upwards

A continuation of the uptrend upwards to the next resistance level at 0.57166 will continue.

Caution: A possible counter-trend in the direction of the support level at 0.56675 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bullish Meeting Lines’ candle pattern is existing. The candles form ‘Bullish Meeting Lines’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Meeting Lines’ going up is 56% (Bull Market) & 52% (Bear Market).

0.57166 – 0.56894 – 0.569 – 0.56675 – 0.56659 – 0.56574 —
0.57013 – 0.56983 —
58.155554371366 – 56.291285578027 —
– —
0.57166 – 1783006200

Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Meeting Lines – – – – – – – – –