NZD/USD – 1H – BUY

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.56348 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.56384 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.56384 – 0.56747 – 0.56886 – 0.55823 – 0.55791 – 0.55896 —
0.56122 – 0.56120 —
55.536408224423 – 51.939589562908 —
– —
0.56384 – 1763654400

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