NZD/USD – 30M – BUY

The pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline up.

An ascending movement up to the next resistance at 0.56145 is certain.

Caution: A possible reversal of the trend in the direction of support at 0.55896 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘%K crosses above %D’ indicator layout is existing. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.563215 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.56145 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a bullish signal. The 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).

0.56145 – 0.56431 – 0.56747 – 0.55896 – 0.56276 – 0.56466 —
0.56042 – 0.56079 —
39.866923108418 – 44.929728025868 —
– —
0.56145 – 1763602200

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Rising Wedge Chart Pattern – – – –