NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.61200 is expected.
Caution: A possible trend reversal in the direction of the support level at could happen.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.
And also a ‘Northern Doji’ chart pattern is detected. The candles form ‘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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.61200 |
| Current Price | 0.60980 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.61200 – 0.60985 – 0.60851 – 0.60807 – 0.60750 – 0.60565
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji –