NZD/USD – 30M – SELL

The pair New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline downwards

A descent downwards to the next support at 0.60750 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.60985 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 0.60839388 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.60985 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Southern Doji’ candle pattern is existing. The candles show ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.60985 – 0.60851 – 0.60779 – 0.60750 – 0.60565 – 0.60368

Trading Signals: FOREX – NZD – NZD/USD – USD – Southern Doji – Double bottom retreat down