NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support at 0.59375 will persist.

Caution: A possible trend reversal in the direction of resistance at 0.59799 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Bearish Belt Hold’ candle chart pattern is existing. The chart forms ‘Bearish Belt Hold’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.59799 – 0.599 – 0.60135 – 0.59375 – 0.59454 – 0.59575 —
0.59491 – 0.59547 —
27.871206782454 – 45.029633457769 —
– —
0.59799 – 1771522200

Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Belt Hold – Double bottom chart pattern – – – – – – – –