NZD/USD – 30M – BUY

In addition a ‘Falling Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Falling Wedge Chart Pattern’. which is a positive signal. The currency pair is likely to rise.

The currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline up.

An ascent up to the next resistance line at 0.60651 is expected.

Caution: A possible counter-trend in the direction of support at 0.60374 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.60651 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.60651 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Northern Doji’ candle pattern is existing. 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.60570 – 0.60582 – 0.60571 – 0.60374 – 0.60274 – 0.60353

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