NZD/USD – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart formation is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The pair New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline downwards
A descent downwards to the next support line at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.6003 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.
Furthermore a ‘Last Engulfing Top’ candlestick pattern is discovered. The chart forms ‘Last Engulfing Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60527 |
| 2nd High | 0.60135 |
| Next High | 0.6003 |
| Current Price | 0.59797 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.6003 – 0.59644 – 0.59799 – 0.59445 – 0.59375 – 0.59454 —
0.59837 – 0.59836 —
52.594156442065 – 51.742977773064 —
– —
0.6003 – 1771810200
Trading Signals: FOREX – NZD – NZD/USD – USD – Last Engulfing Top – Rising Wedge Chart Pattern – – – – – – – –