NZD/USD – 30M – BUY

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

A continuation of the upward movement up to the next resistance level at 0.59099 is considered certain.

Caution: A possible trend reversal in the direction of support at 0.5848 could happen.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair could go up.

Next a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. 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).

0.59099 – 0.59152 – 0.59143 – 0.5848 – 0.58572 – 0.58725 —
0.59281 – 0.59287 —
64.858210022222 – 61.908510802053 —
– —
0.59099 – 1772827200

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