NZD/USD – 4H – BUY

The combination New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline upwards

A bullish movement upwards to the next resistance level at 0.5964 will persist.

Caution: A possible counter-trend in the direction of support at 0.57737 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Additionally a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. 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).

0.5964 – 0.59481 – 0.60125 – 0.57737 – 0.5848 – 0.58356 —
0.58578 – 0.58683 —
46.390405170985 – 50.829528274721 —
– —
0.5964 – 1773172800

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