Buy NZD/USD – 30M – BUY

The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the descending trendline up.

A bullish ascent up to the next resistance line at 0.59743 is expected.

Caution: A possible counter-trend in the direction of support at 0.59136 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

Next a ‘Double top chart pattern’ chart formation is detected. The chart picture forms ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.

Support & Resistance Price Range*
3rd High 0.60225
2nd High 0.60121
Next High 0.59743
Current Price 0.59294
Next Low 0.59136
2nd Low 0.58932
3rd Low 0.58859

0.59743 – 0.60121 – 0.60225 – 0.59342 – 0.59882 – 0.59634

Download NZD/USD Signal Image

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