NZD/USD – 4H – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards

A descending movement down to the next support at 0.5848 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.5964 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Southern Doji’ chart pattern is existing. The candles form ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.5964 – 0.59481 – 0.60125 – 0.5848 – 0.58356 – 0.5942 —
0.59330 – 0.58977 —
48.872016631983 – 35.122908293439 —
– —
0.5964 – 1773172800

Trading Signals: FOREX – NZD – NZD/USD – USD – Southern Doji – – – – – – – – –