NZD/USD – 4H – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 0.60710 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 0.60061 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Besides a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.60799 |
| Next High | 0.60710 |
| Current Price | 0.60737 |
| Next Low | 0.60061 |
| 2nd Low | 0.59235 |
| 3rd Low | 0.58936 |
0.60710 – 0.60799 – 0.60542 – 0.60061 – 0.59235 – 0.58936
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji