NZD/USD – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance line at 0.57552 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 0.57106 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Current target is 0.57552 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.57552 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a positive 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).

0.57552 – 0.57443 – 0.57321 – 0.57106 – 0.5718 – 0.57234 —
0.57539 – 0.57456 —
65.024674430827 – 47.290856730489 —
– —
0.57552 – 1764745200

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double top chart pattern – – – – – – – –