NZD/USD – 30M – SELL

Then a ‘Head and Shoulder chart pattern’ chart formation is found. The chart forms ‘Head and Shoulder chart pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

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

A continuation of the bearish trend downwards to the next support level at 0.60495 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.60820 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then 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 chart scenario. The currency pair could go down.

Then a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘Two Crows’ candlestick chart pattern is discovered. The candles show ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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