NZD/USD – 1H – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 0.58648 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.58177 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.
Also there is a ‘Northern Doji’ candle pattern is found. The chart shows ‘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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58803 |
| 2nd High | 0.58678 |
| Next High | 0.58648 |
| Current Price | 0.58671 |
| Next Low | 0.58177 |
| 2nd Low | 0.57995 |
| 3rd Low | 0.5485 |
0.58648 – 0.58678 – 0.58803 – 0.58177 – 0.58283 – 0.58518 — 35.83792331679 – 43.502315957761 — 20.32891410932 – 49.101669195751 – 14.879218883924 – 26.301194384032
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double bottom chart pattern – –