NZD/USD – 1H – BUY

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

The bullish trend upwards to the next resistance level at 0.59223 will persist.

Caution: A possible change in the direction of support at 0.58576 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.59223 – 0.59193 – 0.59203 – 0.58576 – 0.58397 – 0.584 —
0.58869 – 0.59217 —
58.069914555004 – 68.155525483954 —
– —
0.59223 – 1776855600

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –