NZD/USD – 30M – SELL

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

A descending movement down to the next support line at 0.56675 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.57166 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The candles show ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.57166 – 0.56894 – 0.569 – 0.56675 – 0.56659 – 0.56574 —
0.56983 – 0.56998 —
54.854342741309 – 53.29231044076 —
– —
0.57166 – 1783006200

Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Belt Hold – – – – – – – – –