NZD/USD – 30M – SELLBesides a ‘Inverse Head and Shoulder chart pattern’ chart formation is found. The chart picture shows ‘Inverse Head and Shoulder chart pattern’. which is a bullish signal. The currency pair is likely to go up.
The pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.57929 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.
Besides a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.581 |
| 2nd High | 0.57976 |
| Next High | 0.57929 |
| Current Price | 0.57773 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.57929 – 0.57921 – 0.57976 – 0.57736 – 0.57768 – 0.57682 —
0.57922 – 0.57833 —
57.940403205676 – 47.146234202407 —
– —
0.57929 – 1767792600
Trading Signals: FOREX – NZD – NZD/USD – USD – – Inverse Head and Shoulder chart pattern – – – – – – – –