NZD/USD – 4H – SELL

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair is likely to rise.

In addition a ‘StochRSI %K crosses above 0.2’ indicator signal is discovered. The indicator shows ‘StochRSI %K crosses above 0.2’. which could be a positive chart scenario. The currency pair is likely to rise.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.580485 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.59223 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Shooting Star’ chart pattern is detected. The chart forms ‘Shooting Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

0.59223 – 0.59287 – 0.58731 – 0.58492 – 0.57919 – 0.5681 —
0.59186 – 0.58862 —
52.454047050975 – 41.167811649044 —
– —
0.59223 – 1776844800

Trading Signals: FOREX – NZD – NZD/USD – USD – Shooting Star – – – – – – – – –