NZD/USD – 30M – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

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

A continuation of the downtrend downwards to the next support at 0.56396 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.56543 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.56435 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.56543 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

0.56543 – 0.56582 – 0.56578 – 0.56396 – 0.56313 – 0.5626 —
0.56518 – 0.56532 —
52.696709764984 – 55.855103503428 —
– —
0.56543 – 1782768600

Trading Signals: FOREX – NZD – NZD/USD – USD – – Symmetrical Triangle Chart Pattern – – – – – – – –