NZD/USD – 30M – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance line at will persist.
Caution: A possible change in the direction of the support level at 0.60750 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.
In addition a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.61067 |
| Next Low | 0.60750 |
| 2nd Low | 0.60565 |
| 3rd Low | 0.60368 |
0.60985 – 0.60851 – 0.60779 – 0.60750 – 0.60565 – 0.60368
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji –