NZD/USD – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 0.60875 will persist.

Caution: A possible trend reversal in the direction of the support zone at 0.60449 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.60875 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.60875 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a positive 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).

0.60875 – 0.60412 – 0.60710 – 0.60449 – 0.60035 – 0.59948

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