NZD/USD – 1H – SELL

And also a ‘Double bottom chart pattern’ chart formation is found. The formation shows ‘Double bottom chart pattern’. which is a positive pattern signal. The pair is likely to go up.

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

A descending movement down to the next support line at 0.57251 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.57821 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. which is often a bullish signal. The currency pair is likely to rise.

And also a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish signal. The 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).

0.5752 – 0.57556 – 0.57821 – 0.57251 – 0.57309 – 0.573 —
0.57579 – 0.57539 —
53.198119643304 – 49.863396391274 —
– —
0.57520 – 1768474800

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