NZD/USD – 1H – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 0.56384 will continue.
Caution: A possible reversal of the trend in the direction of support at 0.55909 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.56886 |
| 2nd High | 0.56747 |
| Next High | 0.56384 |
| Current Price | 0.56213 |
| Next Low | 0.55909 |
| 2nd Low | 0.55823 |
| 3rd Low | 0.55791 |
0.56213 – 0.56153 – 0.56384 – 0.55909 – 0.55823 – 0.55791 —
0.56145 – 0.56260 —
52.001829361917 – 57.31214176933 —
– —
0.56213 – 1764039600
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –