NZD/USD – 1H – BUY

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

The bullish trend up to the next resistance level at 0.57929 is certain.

Caution: A possible counter-trend in the direction of the support level at 0.57107 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.

Additionally a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.57929 – 0.57921 – 0.581 – 0.57107 – 0.5737 – 0.57736 —
0.57677 – 0.57741 —
64.11782504488 – 69.550482291054 —
– —
0.57929 – 1767790800

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double bottom chart pattern – – – – – – – –