NZD/USD – 30M – SELL

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

A descending movement down to the next support line at 0.60750 is likely expected.

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

Then a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.60985 – 0.60851 – 0.60779 – 0.60750 – 0.60565 – 0.60368

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