NZD/USD – 1H – BUY

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.5762634 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.57774 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. 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).

0.57774 – 0.57443 – 0.57512 – 0.57609 – 0.57341 – 0.57106 —
0.57734 – 0.57761 —
63.394353157472 – 55.280912958863 —
– —
0.57774 – 1764802800

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double bottom retreat down – – – – – – – –