NZD/USD – 30M – BUY

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

A bullish ascent upwards to the next resistance at 0.57705 is certain.

Caution: A possible trend reversal in the direction of the support level at 0.57421 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. which could be a positive signal. The pair is likely to go up.

In addition a ‘RSI Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘RSI Hidden Bullish Divergence’. which could be a positive signal. The pair is likely to go up.

In addition a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.5776 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 0.57705 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. 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).

0.57705 – 0.57776 – 0.57703 – 0.57421 – 0.5733 – 0.57552 —
0.57497 – 0.57561 —
44.022033452772 – 39.621365040932 —
– —
0.57705 – 1767396600

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