NZD/USD – 30M – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 0.57929 is expected.
Caution: A possible change in the direction of the support zone at 0.5774 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a positive 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.581 |
| 2nd High | 0.57976 |
| Next High | 0.57929 |
| Current Price | 0.57725 |
| Next Low | 0.5774 |
| 2nd Low | 0.57736 |
| 3rd Low | 0.57682 |
0.57929 – 0.57921 – 0.57976 – 0.5774 – 0.57736 – 0.57768 —
0.57846 – 0.57732 —
45.234208697994 – 34.336198667852 —
– —
0.57929 – 1767792600
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –