NZD/USD – 30M – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 0.59906 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.59655 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60581 |
| 2nd High | 0.59907 |
| Next High | 0.59906 |
| Current Price | 0.59708 |
| Next Low | 0.59655 |
| 2nd Low | 0.59502 |
| 3rd Low | 0.59223 |
0.59906 – 0.59746 – 0.59609 – 0.59655 – 0.59502 – 0.5957 — 34.570440060819 – 35.626567153018 — 5.4782124460532 – 13.446099586988 – 1.8260708153511 – 6.3081040110137
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – –