NZD/USD – 4H – BUY

The pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bullish trendline upwards

A continuation of the upward movement upwards to the next resistance at 0.58011 is expected.

Caution: A possible counter-trend in the direction of support at 0.55909 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘%K crosses above %D’ indicator signal is found. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair could go up.

And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.58011 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.58011 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. 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).

0.57512 – 0.5691 – 0.56698 – 0.55909 – 0.55791 – 0.56342 —
0.57321 – 0.57563 —
54.018441173557 – 61.503657540688 —
– —
0.57512 – 1764590400

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –