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 down to the next support at 0.60141 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.60479 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Last Engulfing Bottom:’ chart pattern is discovered. The candles show ‘Last Engulfing Bottom:’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

0.60479 – 0.60503 – 0.60756 – 0.60141 – 0.60252 – 0.60387 —
0.60335 – 0.60364 —
43.746387552454 – 48.155798941879 —
– —
0.60479 – 1771239600

Trading Signals: FOREX – NZD – NZD/USD – USD – Last Engulfing Bottom: – Head and Shoulder chart pattern – – – – – – – –