NZD/USD – 1H – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline down.

The bearish trend downwards to the next support at 0.57397 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.58509 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Then a ‘Northern Doji’ candlestick 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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.58509 – 0.5752 – 0.57556 – 0.57397 – 0.57251 – 0.57309 —
0.58301 – 0.58495 —
52.323926076697 – 68.228731357664 —
– —
0.58509 – 1768932000

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