NZD/USD – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.57227 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.5762 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Bearish Engulfing’ candle pattern is found. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.5762 – 0.57986 – 0.58225 – 0.57227 – 0.57548 – 0.5752 —
0.57436 – 0.57382 —
45.490161198446 – 46.687256263026 —
– —
0.5762 – 1781839800

Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Engulfing – – – – – – – – –