NZD/USD – 30M – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at 0.58677 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.58425 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.5877 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.58677 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58770 |
| 2nd High | 0.58678 |
| Next High | 0.58677 |
| Current Price | 0.58679 |
| Next Low | 0.58425 |
| 2nd Low | 0.58177 |
| 3rd Low | 0.57995 |
0.58677 – 0.58648 – 0.58678 – 0.58425 – 0.58177 – 0.58449 — 61.259157727363 – 63.221350870213 — 40.291499536827 – 54.516423357664 – 30.991610210106 – 39.139710355145
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – –