NZD/USD – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance at 0.58625 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 0.58336 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern signal. 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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.58625 – 0.58658 – 0.58509 – 0.58336 – 0.58205 – 0.58286 —
0.58697 – 0.58794 —
70.215157676072 – 71.594879450638 —
– —
0.58625 – 1769061600

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Head and Shoulder chart pattern – – – – – – – –