NZD/USD – 30M – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 0.59746 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.59655 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59907 |
| 2nd High | 0.59795 |
| Next High | 0.59746 |
| Current Price | 0.59878 |
| Next Low | 0.59655 |
| 2nd Low | 0.59502 |
| 3rd Low | 0.59223 |
0.59746 – 0.59609 – 0.59795 – 0.59655 – 0.59502 – 0.5957 — 57.193683159829 – 58.648730816474 — 35.392132094766 – 31.05523148878 – 53.636273621922 – 40.084023935453
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – –