NZD/USD – 4H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

The pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards

A bearish movement downwards to the next support line at 0.56342 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.5691 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘%K fall below 80’ indicator layout is discovered. The indicator shows ‘%K fall below 80’. which is often a bearish chart signal. The currency pair could go down.

Additionally a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.5691 – 0.56698 – 0.58011 – 0.56342 – 0.56057 – 0.56301 —
0.56905 – 0.56690 —
57.685393951685 – 46.135095633497 —
– —
0.56910 – 1763092800

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Rising Wedge Chart Pattern – – – –