NZD/USD – 4H – BUY

The combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards

The bullish trend upwards to the next resistance line at 0.59223 is expected.

Caution: A possible change in the direction of the support zone at 0.58397 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a bullish 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 – 0.59287 – 0.58731 – 0.58397 – 0.58492 – 0.57919 —
0.58609 – 0.59135 —
34.966775482974 – 62.369090960607 —
0.58397 – 1777003200 —
0.59223 – 1776844800

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