NZD/USD – 30M – SELL

And also a ‘Rising Wedge Chart Pattern’ chart pattern is found. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

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

A bearish movement downwards to the next support level at 0.60099 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.60336 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

And also a ‘Shooting Star’ candlestick chart pattern is existing. The chart shows ‘Shooting Star’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

0.60336 – 0.60267 – 0.60022 – 0.60099 – 0.59279 – 0.59684 —
0.60212 – 0.60265 —
57.605811405881 – 60.992298223087 —
– —
0.60336 – 1770600600

Trading Signals: FOREX – NZD – NZD/USD – USD – Shooting Star – Rising Wedge Chart Pattern – – – – – – – –