NZD/USD – 1H – BUYAdditionally 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 signal. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.56772612 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.56886 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candle chart pattern is found. The candles show ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.5691 |
| 2nd High | 0.56905 |
| Next High | 0.56886 |
| Current Price | 0.56652 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.56886 – 0.56905 – 0.5691 – 0.56342 – 0.5645 – 0.5631 —
0.56536 – 0.56602 —
38.0247440544 – 48.61701658859 —
– —
0.56886 – 1763373600
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – –