NZD/USD – 1H – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance line at will continue.
Caution: A possible trend reversal in the direction of the support level at 0.60565 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.61149 |
| Next Low | 0.60565 |
| 2nd Low | 0.60368 |
| 3rd Low | 0.60097 |
0.60779 – 0.60745 – 0.60395 – 0.60565 – 0.60368 – 0.60435
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji –