NZD/USD – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline downwards

A bearish movement downwards to the next support at 0.58787 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.59235 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Bearish Belt Hold’ candle pattern is found. The chart shows ‘Bearish Belt Hold’. this 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 chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.59235 – 0.58829 – 0.58925 – 0.58787 – 0.58576 – 0.58397 —
0.59182 – 0.59123 —
66.739477682559 – 52.215636885573 —
– —
0.59235 – 1777311000

Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –