NZD/USD – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.604275 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.60616 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. this is a bullish signal. The currency 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60799 |
| 2nd High | 0.60651 |
| Next High | 0.60616 |
| Current Price | 0.60382 |
| Next Low | 0.60239 |
| 2nd Low | 0.60061 |
| 3rd Low | 0.59914 |
0.60616 – 0.60570 – 0.60582 – 0.60239 – 0.60374 – 0.60274
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji