NZD/USD – 1H – SELL

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

A bearish descent down to the next support at 0.57341 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.57774 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

And also a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.57774 – 0.57443 – 0.57512 – 0.57609 – 0.57341 – 0.57106 —
0.57761 – 0.57668 —
55.280912078355 – 42.549872202968 —
– —
0.57774 – 1764802800

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – – – – – – – – –