NZD/USD – 1H – BUY

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

A continuation of the upward movement up to the next resistance level at 0.58244 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.57608 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.

Additionally a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a positive 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.58244 – 0.57944 – 0.57921 – 0.57608 – 0.57583 – 0.57628 —
0.58201 – 0.58031 —
66.615268422691 – 53.178567500202 —
– —
0.58244 – 1765404000

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