NZD/USD – 1H – BUY

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.56747 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 0.56384 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.56213 – 0.56153 – 0.56384 – 0.55909 – 0.55823 – 0.55791 —
0.56250 – 0.56816 —
62.977181300167 – 80.06326584731 —
– —
0.56213 – 1764039600

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –