NZD/USD – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.586955 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.59244 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Southern Doji’ candle pattern is detected. The chart forms ‘Southern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59404 |
| 2nd High | 0.59287 |
| Next High | 0.59244 |
| Current Price | 0.58980 |
| Next Low | 0.58865 |
| 2nd Low | 0.58207 |
| 3rd Low | 0.58147 |
0.59244 – 0.59085 – 0.59101 – 0.58865 – 0.58207 – 0.58147 —
0.59198 – 0.59029 —
60.329669064669 – 45.299345545171 —
– —
0.59244 – 1777654800
Trading Signals: FOREX – NZD – NZD/USD – USD – Southern Doji – – – – – – – – –