NZD/USD – 30M – SELL

Then a ‘Head and Shoulder chart pattern’ chart layout is discovered. The chart forms ‘Head and Shoulder chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.

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

The bearish trend down to the next support level at will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.61058 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair could go down.

Then a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.61058 – 0.61200 – 0.60985 – 0.60807 – 0.60750 – 0.60565

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Head and Shoulder chart pattern