NZD/USD – 30M – SELL

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

A bearish trend downwards to the next support level at 0.57567 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.57784 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Current target is 0.57689198 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.57784 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. this 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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.57784 – 0.57783 – 0.57774 – 0.57567 – 0.57578 – 0.57609 —
0.57700 – 0.57794 —
54.234484275894 – 57.998602663527 —
– —
0.57784 – 1764869400

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –