NZD/USD – 1H – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at is certain.
Caution: A possible counter-trend in the direction of resistance at 0.57921 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.
And also a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.57563474 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.57921 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58421 |
| 2nd High | 0.581 |
| Next High | 0.57921 |
| Current Price | 0.57781 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.57921 – 0.581 – 0.57776 – 0.57736 – 0.57682 – 0.57413 —
0.57842 – 0.57928 —
46.347598796706 – 57.97682522729 —
0.57736 – 1767776400 —
0.57921 – 1767754800
Trading Signals: FOREX – NZD – NZD/USD – USD – – Inverse Head and Shoulder chart pattern – – – – – – – –