NZD/USD – 30M – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline down.
A descending movement down to the next support line at 0.5957 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.59795 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60581 |
| 2nd High | 0.59907 |
| Next High | 0.59795 |
| Current Price | 0.59701 |
| Next Low | 0.5957 |
| 2nd Low | 0.59223 |
| 3rd Low | 0.58789 |
0.59795 – 0.59634 – 0.59594 – 0.5957 – 0.59223 – 0.59287 — 55.594723711443 – 53.301327894111 — 6.0124190040388 – 6.0124190040388 – 4.3846640726097 – 4.8975674777416
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – –