NZD/USD – 30M – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 0.57792 will persist.
Caution: A possible trend reversal in the direction of the support line at 0.57397 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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 | 0.57821 |
| Next High | 0.57792 |
| Current Price | 0.57936 |
| Next Low | 0.57397 |
| 2nd Low | 0.57251 |
| 3rd Low | 0.57235 |
0.57792 – 0.57669 – 0.5752 – 0.57397 – 0.57413 – 0.57251 —
0.57866 – 0.57922 —
69.717082753063 – 69.280754922988 —
– —
0.57792 – 1768806000
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –