NZD/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.586955 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.59244 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Southern Doji’ candlestick chart pattern is found. The chart forms ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.59244 – 0.59085 – 0.59101 – 0.58865 – 0.58207 – 0.58147 —
0.59198 – 0.59029 —
60.329669064669 – 45.299345545171 —
– —
0.59244 – 1777654800

Trading Signals: FOREX – NZD – NZD/USD – USD – Southern Doji – Rising Wedge Chart Pattern – – – – – – – –