NZD/USD – 1H – BUY

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

A continuation of the uptrend up to the next resistance at 0.59235 is expected.

Caution: A possible counter-trend in the direction of the support level at 0.58576 is also possible.
Consider stop-loss settings accordingly.

And also a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The pair is likely to go up.

And also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

And also a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘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).

0.59235 – 0.59223 – 0.59193 – 0.58576 – 0.58397 – 0.584 —
0.59022 – 0.58810 —
47.821890896135 – 31.261412696635 —
– —
0.59235 – 1777309200

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