NZD/USD – 30M – BUY

The pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards

An ascending movement upwards to the next resistance line at 0.58843 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 0.58216 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Additionally a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency 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).

0.58389 – 0.58441 – 0.58322 – 0.58216 – 0.58108 – 0.5769 —
0.58319 – 0.58560 —
54.1293674686 – 55.738442681856 —
0.58216 – 1781481600 —
0.58389 – 1781267400

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