NZD/USD – 1H – BUY

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair could go up.

Next a ‘%K crosses above %D’ indicator layout is existing. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.567816 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.56886 could occur.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.56886 – 0.56905 – 0.5691 – 0.56378 – 0.56342 – 0.5645 —
0.56673 – 0.56630 —
54.318009445243 – 48.534441622107 —
– —
0.56886 – 1763373600

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double top retreat up – – – –