NZD/USD – 30M – BUY

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

A continuation of the bullish trend up to the next resistance level at 0.57705 is expected.

Caution: A possible change in the direction of the support level at 0.57421 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The pair is likely to go up.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.5798704 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 0.57705 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

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

0.57705 – 0.57776 – 0.57703 – 0.57421 – 0.5733 – 0.57552 —
0.57636 – 0.57669 —
53.839256063107 – 55.204003294819 —
– —
0.57705 – 1767396600

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double bottom retreat down – – – – – – – –