NZD/USD – 1H – BUY

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

An ascent upwards to the next resistance at 0.5752 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 0.57251 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. 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).

0.5752 – 0.57556 – 0.57821 – 0.57251 – 0.57309 – 0.573 —
0.57422 – 0.57432 —
49.918254872287 – 48.638652071811 —
– —
0.57520 – 1768474800

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