NZD/USD – 30M – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline downwards

A bearish trend downwards to the next support level at 0.57084 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.57512 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.57084 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.57512 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.57512 – 0.57403 – 0.5744 – 0.5718 – 0.57234 – 0.5717 —
0.57292 – 0.57151 —
53.116064014007 – 29.933887466607 —
– —
0.57512 – 1764601200

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double bottom retreat down – – – – – – – –