NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline downwards

The bearish trend down to the next support line at 0.56891 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.57166 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Southern Doji’ candlestick pattern is existing. The candles form ‘Southern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.57166 – 0.56894 – 0.569 – 0.56891 – 0.56675 – 0.56659 —
0.57184 – 0.57183 —
67.643722789676 – 57.596094704398 —
– —
0.57166 – 1783006200

Trading Signals: FOREX – NZD – NZD/USD – USD – Southern Doji – – – – – – – – –