NZD/USD – 4H – BUYIn addition a ‘Northern Doji’ chart pattern is existing. The chart shows ‘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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
In addition a ‘Double top chart pattern’ chart layout is discovered. The formation shows ‘Double top chart pattern’. which is a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.60291 |
| Next High | 0.60225 |
| Current Price | 0.58979 |
| Next Low | 0.58932 |
| 2nd Low | 0.54850 |
| 3rd Low |
0.60225 – 0.59863 – 0.60291 – 0.58932 – 0.59363 – 0.54850
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji