NZD/USD – 30M – SELL

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

A bearish descent down to the next support at 0.59546 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.59785 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ” indicator layout is found. The indicator is ”. which could be a negative chart scenario. The currency pair could go down.

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Besides a ‘ ‘ indicator layout is found. The indicator is ‘ ‘. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Bearish Engulfing’ chart pattern is found. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

0.59785 – 0.59987 – 0.59749 – 0.59546 – 0.59587 – 0.59538 —
0.59957 – 0.60189 —
69.644115761321 – 76.286323139496 —
– —
0.59785 – 1769488200

Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Engulfing – – – – – – – – –