NZD/USD – 30M – BUYThere is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Current target is 0.57561308 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.57685 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57976 |
| 2nd High | 0.57929 |
| Next High | 0.57685 |
| Current Price | 0.57650 |
| Next Low | 0.57235 |
| 2nd Low | 0.57107 |
| 3rd Low | 0.57106 |
0.57685 – 0.57497 – 0.57453 – 0.57235 – 0.57107 – 0.5737 —
0.57662 – 0.57676 —
56.202393470254 – 65.321642824343 —
– —
0.57685 – 1768230000
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double top chart pattern – – – – – – – –