NZD/USD – 30M – BUY

The currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline up.

A bullish movement up to the next resistance level at 0.58758 will continue.

Caution: A possible trend reversal in the direction of the support level at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.58758 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.58758 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. 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).

0.58758 – 0.58311 – 0.58325 – 0.57995 – 0.58103 – 0.58129 — 55.164265849921 – 58.274876704009 — 10.377836439751 – 24.903341066048 – 4.7716452313703 – 11.760392501933

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