NZD/USD – 30M – SELL

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

A descent downwards to the next support at 0.57736 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.57921 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Northern Doji’ candle pattern is existing. The chart forms ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.57921 – 0.57976 – 0.581 – 0.57736 – 0.57768 – 0.57682 —
0.57901 – 0.57928 —
58.221811615679 – 51.84247167583 —
– —
0.57921 – 1767756600

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double bottom chart pattern – – – – – – – –