NZD/USD – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance at 0.57792 is expected.

Caution: A possible trend reversal in the direction of the support level at 0.57397 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which is a bullish 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).

0.57792 – 0.57669 – 0.5752 – 0.57397 – 0.57413 – 0.57251 —
0.57950 – 0.57935 —
71.63565355337 – 63.51489378994 —
– —
0.57792 – 1768806000

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