NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 0.59907 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.59223 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
Then a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.6079 |
| 2nd High | 0.60581 |
| Next High | 0.59907 |
| Current Price | 0.59708 |
| Next Low | 0.59223 |
| 2nd Low | 0.58789 |
| 3rd Low | 0.58775 |
0.59634 – 0.59594 – 0.59175 – 0.59223 – 0.59287 – 0.58789 — 74.407182954951 – 76.129421107032 — 100 – 100 – 99.041917129446 – 100
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – –