NZD/USD – 30M – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline down.
The bearish trend down to the next support line at 0.59223 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.59594 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60581 |
| 2nd High | 0.59907 |
| Next High | 0.59594 |
| Current Price | 0.59383 |
| Next Low | 0.59223 |
| 2nd Low | 0.58789 |
| 3rd Low | 0.58775 |
0.59594 – 0.59175 – 0.58945 – 0.59223 – 0.59287 – 0.58789 — 52.929472726141 – 49.580162364721 — 15.965591043793 – 16.104778010374 – 18.891541360261 – 15.161366569806
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double bottom retreat down – –