NZD/USD – 1H – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards

The bearish trend downwards to the next support level at is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.56886 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Bullish Engulfing’ candlestick pattern is discovered. The candles show ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

0.56886 – 0.56905 – 0.5691 – 0.56342 – 0.5645 – 0.5631 —
0.56581 – 0.56673 —
41.570420849616 – 54.318008808182 —
– —
0.56886 – 1763373600

Trading Signals: FOREX – NZD – NZD/USD – USD – Bullish Engulfing – Symmetrical Triangle Chart Pattern – – – –