NZD/USD – 1H – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 0.61200 will persist.
Caution: A possible trend reversal in the direction of support at 0.60750 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.61200 |
| Current Price | 0.60943 |
| Next Low | 0.60750 |
| 2nd Low | 0.60565 |
| 3rd Low | 0.60368 |
0.61200 – 0.60779 – 0.60745 – 0.60750 – 0.60565 – 0.60368
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji –