NZD/USD – 30M – BUY

The currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline upwards

An ascending movement upwards to the next resistance level at 0.60088 will persist.

Caution: A possible trend reversal in the direction of the support level at 0.58826 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair is likely to rise.

In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

In addition a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish 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).

0.60088 – 0.60565 – 0.60393 – 0.58826 – 0.59636 – 0.59588

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