NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 0.562 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.565 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.

And also a ‘Last Engulfing Top’ candlestick pattern is found. The chart forms ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.565 – 0.56324 – 0.56282 – 0.562 – 0.56088 – 0.56057 —
0.56392 – 0.56475 —
46.922706345358 – 58.854031879698 —
– —
0.56500 – 1762774200

Trading Signals: FOREX – NZD – NZD/USD – USD – Last Engulfing Top – – – –