NZD/USD – 30M – BUY

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

A bullish trend upwards to the next resistance level at 0.57669 will continue.

Caution: A possible trend reversal in the direction of the support zone at 0.57413 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair could go up.

In addition a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair could go up.

In addition a ‘RSI Bullish Divergence’ indicator layout is detected. The indicator is ‘RSI Bullish Divergence’. this is usually a bullish chart scenario. The currency pair could go up.

In addition a ‘StochRSI Bullish Divergence’ indicator layout is detected. The indicator is ‘StochRSI Bullish Divergence’. this is usually a bullish chart scenario. The currency pair could go up.

In addition a ‘MACD-Hist Bullish Divergence’ indicator layout is detected. The indicator is ‘MACD-Hist Bullish Divergence’. this is usually a bullish chart scenario. The currency pair could go up.

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

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.57579548 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.57669 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.57669 – 0.5752 – 0.57515 – 0.57413 – 0.57251 – 0.57309 —
0.57523 – 0.57483 —
43.382082065693 – 34.528248704934 —
– —
0.57669 – 1768570200

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