NZD/USD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.58163524 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.57921 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a positive chart scenario. 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 | 0.58421 |
| 2nd High | 0.581 |
| Next High | 0.57921 |
| Current Price | 0.57905 |
| Next Low | 0.57682 |
| 2nd Low | 0.57413 |
| 3rd Low | 0.5733 |
0.57921 – 0.581 – 0.57776 – 0.57682 – 0.57413 – 0.5733 —
0.57911 – 0.57880 —
51.782699506294 – 53.543679411195 —
– —
0.57921 – 1767754800
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –