NZD/USD – 4H – BUY

The combination 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 0.58011 will continue.

Caution: A possible trend reversal in the direction of the support level at 0.57106 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.57512 – 0.5691 – 0.56698 – 0.57106 – 0.55909 – 0.55791 —
0.57371 – 0.57759 —
60.928311009849 – 65.850753431792 —
– —
0.57512 – 1764590400

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