NZD/USD – 30M – BUY

The currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline up.

A continuation of the uptrend upwards to the next resistance at 0.60571 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.60061 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair is likely to rise.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.60641068 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.60571 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.60571 – 0.60651 – 0.60500 – 0.60353 – 0.60061 – 0.60257

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji