NZD/USD – 4H – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bearish trendline down.

A continuation of the downward movement down to the next support line at 0.58397 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.59223 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles show ‘Bearish Belt Hold’. 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 success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.59223 – 0.59287 – 0.58731 – 0.58397 – 0.58492 – 0.57919 —
0.58803 – 0.59165 —
48.83290423166 – 59.6001345226 —
– —
0.59223 – 1776844800

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