NZD/USD – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 0.60274 is considered certain.

Caution: A possible change in the direction of the resistance zone at 0.60582 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.6018726 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.60582 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Southern Doji’ candle chart pattern is detected. The candles show ‘Southern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.60582 – 0.60571 – 0.60651 – 0.60274 – 0.60353 – 0.60061

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