NZD/USD – 30M – SELL

Besides a ‘Head and Shoulder chart pattern’ chart formation is detected. The chart picture shows ‘Head and Shoulder chart pattern’. this is a bearish pattern signal. The pair is likely to go down.

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

A continuation of the downtrend downwards to the next support line at 0.60495 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.60820 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘Two Crows’ chart pattern is discovered. The chart shows ‘Two Crows’. 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.60820 – 0.60925 – 0.61058 – 0.60646 – 0.60495 – 0.60807

Trading Signals: FOREX – NZD – NZD/USD – USD – Two Crows – Head and Shoulder chart pattern