NZD/USD – 30M – SELL

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

A bearish movement down to the next support level at 0.56378 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.56747 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.56644 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.56747 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish 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).

0.56747 – 0.5691 – 0.56822 – 0.56378 – 0.56483 – 0.56574 —
0.56657 – 0.56595 —
53.982915124509 – 41.770269013855 —
– —
0.56747 – 1763406000

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double top chart pattern – – – –