NZD/USD – 1H – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline up.
A bullish movement upwards to the next resistance line at 0.57929 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.57682 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘%K crosses above %D’ indicator layout is existing. The indicator is ‘%K crosses above %D’. which is often a bullish signal. The currency pair could go up.
Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.5793522 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 0.57929 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58421 |
| 2nd High | 0.581 |
| Next High | 0.57929 |
| Current Price | 0.57730 |
| Next Low | 0.57682 |
| 2nd Low | 0.57413 |
| 3rd Low | 0.5733 |
0.57929 – 0.57921 – 0.581 – 0.57736 – 0.57682 – 0.57413 —
0.57928 – 0.57732 —
57.976825050968 – 37.440125024101 —
– —
0.57929 – 1767790800
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –