NZD/USD – 1H – BUYThe pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 0.59175 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 0.58177 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency 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 | 0.59423 |
| 2nd High | 0.59302 |
| Next High | 0.59175 |
| Current Price | 0.59367 |
| Next Low | 0.58177 |
| 2nd Low | 0.57995 |
| 3rd Low | 0.5485 |
0.59175 – 0.58648 – 0.58678 – 0.58177 – 0.58283 – 0.58518 — 72.855275943917 – 75.122369729098 — 91.885362387494 – 95.477656718775 – 93.392810147903 – 93.082793831254
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double top retreat up – –