NZD/USD – 30M – BUY

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

The bullish trend up to the next resistance at 0.57869 is considered certain.

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

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.58191648 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.57869 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.57869 – 0.5816 – 0.58447 – 0.57718 – 0.57365 – 0.58008 —
63.590153481087 – 68.968019464058 —
61.861763615346 – 57.999083949486 – 79.760372818019 – 65.760067467847

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Head and Shoulder chart pattern – –