NZD/USD – 1H – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline down.
A bearish descent downwards to the next support level at will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.59508 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The pair is likely to go up.
Besides a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60007 |
| 2nd High | 0.59863 |
| Next High | 0.59508 |
| Current Price | 0.59453 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.59508 – 0.59493 – 0.59863 – 0.58932 – 0.58979 – 0.59264
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji