NZD/USD – 1H – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 0.58758 is certain.
Caution: A possible change in the direction of the support level at should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.
Besides a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59423 |
| 2nd High | 0.59302 |
| Next High | 0.58758 |
| Current Price | 0.58624 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.58758 – 0.58311 – 0.59302 – 0.57995 – 0.58147 – 0.59094 — 60.764055633077 – 62.722718428814 — 50.212060117532 – 34.894903842006 – 63.435782220146 – 49.78979915453
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – –