NZD/USD – 1H – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 0.60818 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.58177 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61058 |
| 2nd High | 0.60925 |
| Next High | 0.60818 |
| Current Price | 0.59774 |
| Next Low | 0.58177 |
| 2nd Low | 0.57995 |
| 3rd Low | 0.5485 |
0.59634 – 0.59594 – 0.59453 – 0.58177 – 0.58283 – 0.58518 — 71.572509065153 – 72.36872085009 — 99.153546121015 – 100 – 99.153546121015 – 99.43569741401
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – –