NZD/USD – 4H – BUY

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

A bullish trend up to the next resistance at 0.5964 is considered certain.

Caution: A possible change in the direction of the support zone at 0.5848 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.5964 – 0.59481 – 0.60125 – 0.5848 – 0.58356 – 0.5942 —
0.59349 – 0.59135 —
52.973194936407 – 44.861168460719 —
– —
0.5964 – 1773172800

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