NZD/USD – 1H – BUY

The currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance line at 0.57317 is likely expected.

Caution: A possible trend reversal in the direction of the support zone at 0.56623 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’. this is a bullish pattern signal. The currency pair is likely to rise. 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).

0.57317 – 0.56963 – 0.56213 – 0.56623 – 0.55909 – 0.55823 —
0.57309 – 0.57173 —
80.030543744599 – 59.736457049713 —
– —
0.57317 – 1764216000

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