NZD/USD – 1H – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline downwards
A descent downwards to the next support level at 0.60750 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.61123 |
| Next Low | 0.60750 |
| 2nd Low | 0.60565 |
| 3rd Low | 0.60368 |
0.60779 – 0.60745 – 0.60395 – 0.60750 – 0.60565 – 0.60368
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double bottom chart pattern