NZD/USD – 1H – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 0.59594 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.58177 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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 | 0.60925 |
| 2nd High | 0.60818 |
| Next High | 0.59594 |
| Current Price | 0.59483 |
| Next Low | 0.58177 |
| 2nd Low | 0.57995 |
| 3rd Low | 0.5485 |
0.59594 – 0.59453 – 0.59175 – 0.58177 – 0.58283 – 0.58518 — 58.483077254256 – 63.985644297336 — 71.19240527048 – 96.290612979786 – 44.423384230126 – 70.476725766464
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – –