NZD/USD – 30M – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline down.

A bearish descent downwards to the next support line at 0.57309 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.57515 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Additionally a ‘Collapsing Doji Star’ candlestick chart pattern is found. The candles show ‘Collapsing Doji Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

0.57515 – 0.57556 – 0.57506 – 0.57309 – 0.57366 – 0.573 —
0.57391 – 0.57519 —
46.182871636345 – 66.473857812119 —
– —
0.57515 – 1768435500

Trading Signals: FOREX – NZD – NZD/USD – USD – Collapsing Doji Star – – – – – – – – –