NZD/USD – 30M – SELL

The pair New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline downwards

The bearish trend down to the next support line at 0.59591 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.60125 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.597725 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.60125 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bearish Belt Hold’ candle pattern is discovered. The chart forms ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.60125 – 0.59913 – 0.59736 – 0.59591 – 0.5957 – 0.5942 —
0.60065 – 0.60039 —
55.803185457963 – 46.023592834087 —
– —
0.60125 – 1772078400

Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Belt Hold – – – – – – – – –