NZD/USD – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 0.5737 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.57929 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Southern Doji’ candlestick chart pattern is discovered. The chart shows ‘Southern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.57929 – 0.57921 – 0.581 – 0.5737 – 0.57736 – 0.57682 —
0.57447 – 0.57342 —
36.163206529985 – 25.719194357874 —
– —
0.57929 – 1767790800

Trading Signals: FOREX – NZD – NZD/USD – USD – Southern Doji – Double top retreat up – – – – – – – –