NZD/USD – 30M – BUY

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

A continuation of the uptrend up to the next resistance line at 0.60875 is likely expected.

Caution: A possible change in the direction of the support level at 0.60449 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.60875 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.60875 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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).

0.60875 – 0.60412 – 0.60691 – 0.60449 – 0.60035 – 0.60042

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