NZD/USD – 1H – BUY

The combination New Zealand Dollar/US Dollar (NZD/USD) moves from the bearish trendline up.

A bullish ascent up to the next resistance line at 0.56384 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.55896 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.

In addition a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.56384 – 0.56747 – 0.56886 – 0.55896 – 0.56378 – 0.56342 —
0.56162 – 0.55911 —
38.933507739397 – 40.922673540734 —
– —
0.56384 – 1763654400

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – –