NZD/USD – 1H – BUYAdditionally a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. 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).
Additionally a ‘Double top chart pattern’ chart formation is detected. The chart picture forms ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60007 |
| 2nd High | 0.59863 |
| Next High | 0.59493 |
| Current Price | 0.59357 |
| Next Low | 0.58979 |
| 2nd Low | 0.58859 |
| 3rd Low | 0.58302 |
0.59493 – 0.59863 – 0.59819 – 0.58979 – 0.59264 – 0.59279
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji