NZD/USD – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 0.57788 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.58100 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. The 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).

0.58100 – 0.57917 – 0.57705 – 0.57788 – 0.57413 – 0.57421 —
0.58100 – 0.57903 —
58.032815046527 – 42.626805723381 —
0.58100 – 1767693600 —
– 1767693600

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