NZD/USD – 1H – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.581 is considered certain.
Caution: A possible change in the direction of the support line at 0.57682 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The pair is likely to go up.
Next a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58529 |
| 2nd High | 0.58421 |
| Next High | 0.581 |
| Current Price | 0.57869 |
| Next Low | 0.57682 |
| 2nd Low | 0.57413 |
| 3rd Low | 0.5733 |
0.581 – 0.57776 – 0.58421 – 0.57682 – 0.57413 – 0.5733 —
0.57788 – 0.57870 —
43.305676122832 – 46.270139528254 —
0.57682 – 1767722400 —
0.58100 – 1767693600
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –