NZD/USD – 30M – BUY

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

A bullish movement upwards to the next resistance line at 0.5762 is certain.

Caution: A possible trend reversal in the direction of the support line at 0.57227 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.

Then a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a positive 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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.5762 – 0.57986 – 0.58225 – 0.57227 – 0.57548 – 0.5752 —
0.57430 – 0.57348 —
46.486611391172 – 38.074300290124 —
– —
0.5762 – 1781839800

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