NZD/USD – 30M – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline up.
The bullish trend up to the next resistance at 0.57921 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.
And also a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish pattern signal. The 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.581 |
| 2nd High | 0.57976 |
| Next High | 0.57921 |
| Current Price | 0.57898 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.57921 – 0.57976 – 0.581 – 0.57736 – 0.57768 – 0.57682 —
0.57868 – 0.57926 —
54.75859668122 – 49.687144325701 —
– —
0.57921 – 1767756600
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double bottom chart pattern – – – – – – – –