NZD/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.5906 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.5964 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Bearish Harami’ candle pattern is found. The chart forms ‘Bearish Harami’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

0.5964 – 0.59389 – 0.59099 – 0.59206 – 0.59071 – 0.5848 —
0.59261 – 0.59357 —
38.891036081484 – 44.740799208451 —
0.59206 – 1773192600 —
0.5964 – 1773172800

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