NZD/USD – 30M – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 0.57094 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.56276 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.58528 |
| Next High | 0.57094 |
| Current Price | 0.57614 |
| Next Low | 0.56276 |
| 2nd Low | 0.54850 |
| 3rd Low |
0.57094 – 0.56678 – 0.55941 – 0.56276 – 0.54850 – 0.55061
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji