NZD/USD – 30M – SELL

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

A bearish descent downwards to the next support line at 0.5957 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.59913 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Belt Hold’ candle chart pattern is detected. The chart forms ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.59913 – 0.59736 – 0.59709 – 0.5957 – 0.5942 – 0.59471 —
0.59778 – 0.59739 —
48.921782135154 – 51.860183402515 —
– —
0.59913 – 1772010000

Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Belt Hold – – – – – – – – –