NZD/USD – 4H – SELL

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

A bearish descent down to the next support at 0.57356 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.58529 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.58529 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.58529 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.58529 – 0.58309 – 0.57512 – 0.57356 – 0.57579 – 0.57106 —
0.57705 – 0.57965 —
41.606372638329 – 57.595899061479 —
– —
0.58529 – 1766548800

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –