NZD/USD – 1H – BUY

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

An ascending movement upwards to the next resistance at 0.57556 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.57309 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘RSI Bullish Divergence’ indicator signal is discovered. The indicator shows ‘RSI Bullish Divergence’. In der Regel bedeutet das ein positives chart scenario. Das Paar tendiert eventuell nach oben.

Next a ‘StochRSI Bullish Divergence’ indicator signal is discovered. The indicator shows ‘StochRSI Bullish Divergence’. In der Regel bedeutet das ein positives chart scenario. Das Paar tendiert eventuell nach oben.

Next a ‘MACD Bullish Divergence’ indicator signal is discovered. The indicator shows ‘MACD Bullish Divergence’. In der Regel bedeutet das ein positives chart scenario. Das Paar tendiert eventuell nach oben.

Next a ‘MACD-Hist Bullish Divergence’ indicator signal is discovered. The indicator shows ‘MACD-Hist Bullish Divergence’. In der Regel bedeutet das ein positives chart scenario. Das Paar tendiert eventuell nach oben.

Next a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.57518 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.57556 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ candlestick pattern is detected. 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.57556 – 0.57821 – 0.57929 – 0.57309 – 0.573 – 0.57107 —
0.57402 – 0.57426 —
43.287959310476 – 36.892898011739 —
– —
0.57556 – 1768413600

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