NZD/USD – 1H – BUY

There is also a ‘Falling Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Falling Wedge Chart Pattern’. which is a positive signal. The currency pair is likely to rise.

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

The bullish trend upwards to the next resistance line at 0.60412 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 0.59948 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.60329 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.60412 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish 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).

0.60412 – 0.60710 – 0.60655 – 0.59948 – 0.60053 – 0.60231

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