NZD/USD – 1H – SELL

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

The bearish trend downwards to the next support line at 0.58714 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.59907 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Southern Doji’ candlestick pattern is discovered. The chart shows ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.59907 – 0.5926 – 0.59244 – 0.5946 – 0.58714 – 0.58563 —
0.59828 – 0.59561 —
71.875389380367 – 42.766124884314 —
– —
0.59907 – 1778072400

Trading Signals: FOREX – NZD – NZD/USD – USD – Southern Doji – – – – – – – – –