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Forex · candlestick pattern

Bullish engulfing on NZD/USD

On NZD/USD the bullish engulfing showed up 139 times. The target came first 33% of the time, the stop 61%, and 6% went nowhere within 12 candles.

Counted on NZD/USD: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2040%55%5%
Hourly11932%62%6%

NZD/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
NZD/USD13933%61%6%
All Forex charts1,24334%56%10%
Every market17,56334%56%10%

Year by year

YearFoundTarget firstStop first
201740%100%
2018367%33%
202230%100%
2023475%25%
20241127%64%
20255338%58%
20265728%65%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the bullish engulfing is

A green body swallows the red one before it. Buyers took control.

Picture a small red fish, then a bigger green fish that swallows it whole. In a bullish engulfing pattern, the green candle's body is so big it covers the whole red body before it. After a fall, it shows buyers suddenly took over.

The full bullish engulfing lesson, video and quiz ›

Other patterns on NZD/USD

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · RSI oversold bounce · all of them

The bullish engulfing elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · EUR/GBP · AUD/USD · USD/CAD · GBP/INR · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · Gold · Silver

Questions

How often does the bullish engulfing work on NZD/USD?

In 139 cases on NZD/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 61%; 6% went nowhere within 12 candles.

What is the bullish engulfing?

A green body swallows the red one before it. Buyers took control.