NZD/USD – 4H – BUY

The combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline up.

An ascending movement up to the next resistance level at 0.5691 is likely expected.

Caution: A possible trend reversal in the direction of support at 0.55791 could occur.
Consider stop-loss settings accordingly.

And also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

And also a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.5691 – 0.56698 – 0.58011 – 0.55791 – 0.56342 – 0.56057 —
0.56137 – 0.56145 —
40.48053667744 – 45.617167813244 —
– —
0.56910 – 1763092800

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double bottom chart pattern – – – – – – – –