NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 0.59795 is likely expected.
Caution: A possible change in the direction of the support zone at 0.59502 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.
Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
Also there is a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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 | 0.59795 |
| Current Price | 0.59700 |
| Next Low | 0.59502 |
| 2nd Low | 0.59223 |
| 3rd Low | 0.58789 |
0.59609 – 0.59795 – 0.59634 – 0.59502 – 0.5957 – 0.59223 — 57.09441635823 – 61.997492804243 — 59.944958719039 – 76.624134767742 – 49.49174844096 – 59.101733707688
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – –