The pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 0.5744 will continue.
Caution: A possible trend reversal in the direction of the support line at could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.
Also there is a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is discovered. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which is often a bullish chart scenario. The currency pair could go up.
Also there is a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58011 |
| 2nd High | 0.57881 |
| Next High | 0.5744 |
| Current Price | 0.57292 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.5744 – 0.57432 – 0.57313 – 0.57234 – 0.5717 – 0.57084 —
0.57421 – 0.57316 —
58.056679628565 – 46.668978872299 —
– —
0.57440 – 1764558000
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –