NZD/USD – 1H – BUY

Next a ‘Head and Shoulder chart pattern’ chart pattern is detected. The chart picture shows ‘Head and Shoulder chart pattern’. this is a bearish pattern signal. The pair is likely to go down.

Next a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. this 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.57313 – 0.57317 – 0.56963 – 0.57084 – 0.56623 – 0.55909 —
0.57287 – 0.57141 —
58.393055105157 – 42.066122669811 —
– —
0.57313 – 1764295200

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Head and Shoulder chart pattern – – – – – – – –