NZD/USD – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 0.60141 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.60503 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair is likely to fall.

There is also a ‘Bearish Belt Hold’ candle pattern is detected. The chart shows ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.60503 – 0.60756 – 0.6073 – 0.60141 – 0.60252 – 0.60387 —
0.60432 – 0.60433 —
52.684116729436 – 51.060494445074 —
– —
0.60503 – 1771009200

Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Belt Hold – Double top chart pattern – – – – – – – –