NZD/USD – 30M – SELL

The pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support at 0.59484 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.59685 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.59685 – 0.59829 – 0.59653 – 0.59484 – 0.593 – 0.59537 —
0.59621 – 0.59611 —
50.282911674061 – 53.847374355984 —
– —
0.59685 – 1778241600

Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Engulfing – Symmetrical Triangle Chart Pattern – – – – – – – –