NZD/USD – 4H – SELL

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

A descending movement downwards to the next support level at 0.57356 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.58529 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The pair is likely to go up.

Furthermore a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The pair is likely to go up.

Furthermore a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. which is often a bullish chart scenario. The pair is likely to go up.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

Furthermore a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. 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).

0.58529 – 0.58309 – 0.57512 – 0.57356 – 0.57579 – 0.57106 —
0.57703 – 0.57584 —
33.884989305521 – 33.468844048786 —
– —
0.58529 – 1766548800

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