NZD/USD – 4H – BUYNext a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.58224478 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 0.58529 could occur.
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’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.612 |
| 2nd High | 0.59795 |
| Next High | 0.58529 |
| Current Price | 0.57905 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.58529 – 0.58309 – 0.57512 – 0.5733 – 0.57356 – 0.57579 —
0.57965 – 0.57915 —
57.59590028292 – 49.097681462014 —
– —
0.58529 – 1766548800
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –