NZD/USD – 30M – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 0.59152 is expected.
Caution: A possible trend reversal in the direction of the support line at 0.5848 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59481 |
| 2nd High | 0.59456 |
| Next High | 0.59152 |
| Current Price | 0.59323 |
| Next Low | 0.5848 |
| 2nd Low | 0.58356 |
| 3rd Low | 0.58336 |
0.59099 – 0.59152 – 0.59143 – 0.5848 – 0.58572 – 0.58725 —
0.59183 – 0.59349 —
57.870153523884 – 63.625604295505 —
– —
0.59099 – 1772827200
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –