NZD/USD – 4H – BUY

Additionally a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair is likely to rise.

Additionally a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.57818 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 0.581 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.581 – 0.58529 – 0.58309 – 0.57107 – 0.5733 – 0.57356 —
0.57744 – 0.57430 —
57.403748372698 – 36.831798851511 —
– —
0.58100 – 1767686400

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