NZD/USD – 30M – BUY

The currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline up.

A bullish movement up to the next resistance at 0.57532 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 0.5737 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency 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).

0.57532 – 0.57545 – 0.57929 – 0.5737 – 0.5774 – 0.57736 —
0.57532 – 0.57463 —
51.985112098977 – 40.35657697505 —
0.57532 – 1767915000 —
– 1767915000

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