NZD/USD – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 0.60794 will continue.

Caution: A possible reversal of the trend in the direction of support at 0.60035 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 0.604115 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.60794 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Northern Doji’ chart pattern is found. 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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.60794 – 0.60875 – 0.60412 – 0.60449 – 0.60035 – 0.59948

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