NZD/USD – 1H – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 0.59901 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.60786 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Southern Doji’ candlestick chart pattern is detected. The candles form ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.60786 – 0.60922 – 0.60503 – 0.59901 – 0.60222 – 0.60143 —
0.60220 – 0.60507 —
48.603805560853 – 54.497989848921 —
– —
0.60786 – 1769781600

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