NZD/USD – 4H – BUY

The combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline up.

A continuation of the upward movement up to the next resistance at 0.59795 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 0.58325 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.59795 – 0.58803 – 0.59423 – 0.59141 – 0.58325 – 0.58177 — 34.843959493535 – 35.430091943928 — 100 – 100 – 87.081513761315 – 96.215424158349

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