NZD/USD – 30M – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.57235 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.57685 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘%K crosses above %D’ indicator layout is discovered. The indicator is ‘%K crosses above %D’. which is often a bullish signal. The pair is likely to go up.
Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish 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 likely expected. Current target is 0.57561308 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.57685 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57976 |
| 2nd High | 0.57929 |
| Next High | 0.57685 |
| Current Price | 0.57658 |
| Next Low | 0.57235 |
| 2nd Low | 0.57107 |
| 3rd Low | 0.57106 |
0.57685 – 0.57497 – 0.57453 – 0.57235 – 0.57107 – 0.5737 —
0.57677 – 0.57676 —
64.943473219834 – 61.534226583761 —
– —
0.57685 – 1768230000
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –