NZD/USD – 1H – SELL

And also a ‘Double top retreat up’ chart formation is detected. The chart forms ‘Double top retreat up’. which is a bullish signal. The currency pair is likely to rise.

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

A bearish movement downwards to the next support level at 0.56342 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.56747 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.

And also a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.56747 – 0.56886 – 0.56905 – 0.56378 – 0.56342 – 0.5645 —
0.56584 – 0.56356 —
47.497465793873 – 34.440911731225 —
– —
0.56747 – 1763478000

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double top retreat up – – – –