NZD/USD – 30M – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline down.

A bearish trend down to the next support level at 0.57788 will persist.

Caution: A possible change in the direction of the resistance line at 0.57917 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘%K crosses above %D’ indicator signal is existing. The indicator is ‘%K crosses above %D’. which could be a positive signal. The pair is likely to go up.

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

Then a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a positive chart scenario. 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).

0.57917 – 0.57705 – 0.57776 – 0.57788 – 0.57413 – 0.57421 —
0.58042 – 0.57967 —
62.863745620353 – 46.204494635072 —
– —
0.57917 – 1767650400

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