NZD/USD – 30M – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.60307 is certain.
Caution: A possible change in the direction of resistance at 0.60786 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Southern Doji’ candle chart pattern is found. The candles form ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.6089 |
| 2nd High | 0.60822 |
| Next High | 0.60786 |
| Current Price | 0.59995 |
| Next Low | 0.60307 |
| 2nd Low | 0.60222 |
| 3rd Low | 0.60143 |
0.60786 – 0.60822 – 0.6089 – 0.60307 – 0.60311 – 0.60222 —
0.60369 – 0.60143 —
43.476642950715 – 33.920267492473 —
– —
0.60786 – 1769781600
Trading Signals: FOREX – NZD – NZD/USD – USD – Southern Doji – – – – – – – – –