NZD/USD – 30M – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards
A bearish trend downwards to the next support at 0.60035 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.60412 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60710 |
| 2nd High | 0.60691 |
| Next High | 0.60412 |
| Current Price | 0.60737 |
| Next Low | 0.60035 |
| 2nd Low | 0.59948 |
| 3rd Low | 0.59914 |
0.60412 – 0.60691 – 0.60710 – 0.60035 – 0.60042 – 0.59948
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji