NZD/USD – 30M – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 0.56153 will continue.
Caution: A possible trend reversal in the direction of the support line at 0.56025 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.56431 |
| 2nd High | 0.56384 |
| Next High | 0.56153 |
| Current Price | 0.56014 |
| Next Low | 0.56025 |
| 2nd Low | 0.55823 |
| 3rd Low | 0.55791 |
0.56153 – 0.56069 – 0.56384 – 0.56025 – 0.55823 – 0.55791 —
0.56076 – 0.56086 —
48.209584687779 – 40.50870011785 —
– —
0.56153 – 1763766000
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –