NZD/USD – 1H – BUYAnd also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.60480124 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.60655 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.60799 |
| Next High | 0.60655 |
| Current Price | 0.60354 |
| Next Low | 0.60231 |
| 2nd Low | 0.60061 |
| 3rd Low | 0.59914 |
0.60655 – 0.60616 – 0.60582 – 0.60231 – 0.60274 – 0.60061
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji