NZD/USD – 1H – BUY

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

A continuation of the upward movement up to the next resistance at 0.57166 will persist.

Caution: A possible reversal of the trend in the direction of the support zone at 0.56608 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘MACD crosses above signal’ indicator signal is existing. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Current target is 0.57166 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.57166 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Three White Soldiers’ candlestick pattern is existing. The chart shows ‘Three White Soldiers’. this 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%.

0.57166 – 0.56894 – 0.569 – 0.56608 – 0.56404 – 0.56396 —
0.56992 – 0.56955 —
55.105355667792 – 55.137399025049 —
– —
0.57166 – 1783004400

Trading Signals: FOREX – NZD – NZD/USD – USD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –