Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.59907 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.59907 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60125 |
| 2nd High | 0.60043 |
| Next High | 0.59907 |
| Current Price | 0.59751 |
| Next Low | 0.5946 |
| 2nd Low | 0.58714 |
| 3rd Low | 0.58563 |
0.59907 – 0.5926 – 0.59244 – 0.5946 – 0.58714 – 0.58563 —
0.59572 – 0.59667 —
57.912991363615 – 59.363475392375 —
– —
0.59907 – 1778072400
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –