NZD/USD – 30M – BUYThe combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 0.56282 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.55909 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.56431 |
| 2nd High | 0.56384 |
| Next High | 0.56282 |
| Current Price | 0.56268 |
| Next Low | 0.55909 |
| 2nd Low | 0.55823 |
| 3rd Low | 0.55791 |
0.56282 – 0.56213 – 0.56153 – 0.55909 – 0.5592 – 0.55949 —
0.56260 – 0.56261 —
57.836636276866 – 61.772405181882 —
– —
0.56282 – 1764099000
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double top retreat up – – – – – – – –