NZD/USD – 30M – SELL

Next a ‘Head and Shoulder chart pattern’ chart layout is discovered. The chart forms ‘Head and Shoulder chart pattern’. this is a bearish signal. The pair is likely to go down.

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

A continuation of the bearish trend down to the next support level at 0.60565 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.61058 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Next a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.61058 – 0.61200 – 0.60985 – 0.60807 – 0.60750 – 0.60565

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Head and Shoulder chart pattern