NZD/USD – 30M – SELLIn addition a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The combination New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline down.
A bearish descent downwards to the next support at 0.58216 will persist.
Caution: A possible change in the direction of the resistance level at 0.58626 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58843 |
| 2nd High | 0.58639 |
| Next High | 0.58626 |
| Current Price | 0.58213 |
| Next Low | 0.58216 |
| 2nd Low | 0.58108 |
| 3rd Low | 0.5769 |
0.58626 – 0.58639 – 0.58389 – 0.58216 – 0.58108 – 0.5769 —
0.58249 – 0.58277 —
24.925754847778 – 45.308386081484 —
– —
0.58626 – 1781510400
Trading Signals: FOREX – NZD – NZD/USD – USD – – Symmetrical Triangle Chart Pattern – – – – – – – –