NZD/USD – 30M – SELL

And also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.60273364 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.60822 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Bearish Engulfing’ candle chart pattern is detected. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.60822 – 0.6089 – 0.60922 – 0.60222 – 0.60438 – 0.60143 —
0.60606 – 0.60515 —
44.418368842171 – 43.366993816815 —
– —
0.60822 – 1769729400

Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Engulfing – – – – – – – – –