NZD/USD – 30M – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards
A bearish descent down to the next support line at 0.60288 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.60731 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.
Moreover a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60875 |
| 2nd High | 0.60794 |
| Next High | 0.60731 |
| Current Price | 0.60633 |
| Next Low | 0.60288 |
| 2nd Low | 0.60097 |
| 3rd Low | 0.60040 |
0.60731 – 0.60395 – 0.60408 – 0.60288 – 0.60097 – 0.60040
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji –