NZD/USD – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 0.57107 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.57929 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.57319502 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 0.57929 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

0.57929 – 0.57921 – 0.581 – 0.57107 – 0.5737 – 0.57736 —
0.57772 – 0.57821 —
62.528152651583 – 50.025568263993 —
– —
0.57929 – 1767790800

Trading Signals: FOREX – NZD – NZD/USD – USD – – Symmetrical Triangle Chart Pattern – – – – – – – –