NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance level at 0.57532 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.5737 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. signal.
Also there is a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a bullish signal. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57929 |
| 2nd High | 0.57545 |
| Next High | 0.57532 |
| Current Price | 0.57432 |
| Next Low | 0.5737 |
| 2nd Low | 0.5733 |
| 3rd Low | 0.57106 |
0.57532 – 0.57545 – 0.57929 – 0.5737 – 0.5774 – 0.57736 —
0.57516 – 0.57443 —
49.081930296899 – 38.570406982084 —
– —
0.57532 – 1767915000
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –