NZD/USD – 30M – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 0.59634 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 0.59223 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60581 |
| 2nd High | 0.59907 |
| Next High | 0.59634 |
| Current Price | 0.59729 |
| Next Low | 0.59223 |
| 2nd Low | 0.58789 |
| 3rd Low | 0.58775 |
0.59634 – 0.59594 – 0.59175 – 0.59223 – 0.59287 – 0.58789 — 73.969137360812 – 74.88057219491 — 92.332032943216 – 91.948851322063 – 95.281317728652 – 93.176708568126
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Triple top chart pattern – –