NZD/USD – 30M – SELL

The pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support at 0.58397 will continue.

Caution: A possible change in the direction of the resistance zone at 0.58925 could occur.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Then a ‘Shooting Star’ chart pattern is discovered. The chart shows ‘Shooting Star’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

0.58925 – 0.59206 – 0.59223 – 0.58397 – 0.584 – 0.58759 —
0.58553 – 0.58769 —
48.690082283991 – 70.791262182222 —
– —
0.58925 – 1776942000

Trading Signals: FOREX – NZD – NZD/USD – USD – Shooting Star – – – – – – – – –