NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support level at 0.59375 will continue.

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

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.59375 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 0.59799 could happen.
In the case of a trade, always set appropriate stop-loss settings.

0.59799 – 0.599 – 0.60135 – 0.59375 – 0.59454 – 0.59575 —
0.59535 – 0.59644 —
44.442271351262 – 56.642484085832 —
– —
0.59799 – 1771522200

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