NZD/USD – 30M – SELL

The pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support level at 0.5848 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.59111 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

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

0.59111 – 0.59197 – 0.59404 – 0.58914 – 0.59206 – 0.59071 —
0.58714 – 0.58566 —
29.252026423808 – 24.47289900839 —
– —
0.59111 – 1773313200

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