NZD/USD – 30M – BUY

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

An ascent up to the next resistance at 0.5752 is certain.

Caution: A possible change in the direction of the support level at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.57556 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.5752 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ candle 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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.5752 – 0.57515 – 0.57556 – 0.57251 – 0.57309 – 0.57366 —
0.57428 – 0.57501 —
47.838994221265 – 56.380762164395 —
– —
0.57520 – 1768476600

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