NZD/USD – 1H – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline downwards
The bearish trend downwards to the next support level at 0.58177 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.59453 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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 | 0.60925 |
| 2nd High | 0.60818 |
| Next High | 0.59453 |
| Current Price | 0.59254 |
| Next Low | 0.58177 |
| 2nd Low | 0.57995 |
| 3rd Low | 0.5485 |
0.59453 – 0.59175 – 0.58648 – 0.58177 – 0.58283 – 0.58518 — 43.573764614416 – 40.623355276818 — 0.48657862938029 – 0.48657862938029 – 3.353338204494 – 1.9199584169371
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Rising Wedge Chart Pattern – –