The combination New Zealand Dollar/US Dollar (NZD/USD) moves from the bearish trendline up.
An ascending movement upwards to the next resistance level at 0.5749 is certain.
Caution: A possible change in the direction of the support level at 0.56992 could occur.
Consider stop-loss settings accordingly.
And also a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair could go up.
And also a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57856 |
| 2nd High | 0.57774 |
| Next High | 0.5749 |
| Current Price | 0.57163 |
| Next Low | 0.56992 |
| 2nd Low | 0.56623 |
| 3rd Low | 0.55909 |
0.5749 – 0.57774 – 0.57856 – 0.56992 – 0.57232 – 0.57499 —
0.57160 – 0.57179 —
42.328385830377 – 41.326794926638 —
– —
0.5749 – 1774863000
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –