NZD/USD – 1H – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline downwards
A bearish trend down to the next support level at 0.58177 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.59746 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.594098 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.59746 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60818 |
| 2nd High | 0.59795 |
| Next High | 0.59746 |
| Current Price | 0.59669 |
| Next Low | 0.58177 |
| 2nd Low | 0.57995 |
| 3rd Low | 0.5485 |
0.59746 – 0.59795 – 0.59634 – 0.58177 – 0.58283 – 0.58518 — 57.354874305285 – 51.967313376334 — 73.490025027443 – 69.211628693478 – 53.094216116524 – 63.277427794996
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – –