NZD/USD – 30M – SELLBesides a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline downwards
The bearish trend down to the next support level at 0.60449 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.60875 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.60875 |
| Current Price | 0.60579 |
| Next Low | 0.60449 |
| 2nd Low | 0.60035 |
| 3rd Low | 0.59948 |
0.60875 – 0.60412 – 0.60691 – 0.60449 – 0.60035 – 0.60042
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji