NZD/USD – 30M – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.59594 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.59223 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60581 |
| 2nd High | 0.59907 |
| Next High | 0.59594 |
| Current Price | 0.59511 |
| Next Low | 0.59223 |
| 2nd Low | 0.58789 |
| 3rd Low | 0.58775 |
0.59594 – 0.59175 – 0.58945 – 0.59223 – 0.59287 – 0.58789 — 53.885944699137 – 56.189737214854 — 16.936266580395 – 25.9714583558 – 23.687647531064 – 21.022802161592
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – –