NZD/USD – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A descending movement down to the next support at 0.60750 is certain.

Caution: A possible change in the direction of the resistance line at 0.60875 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.60779 – 0.60745 – 0.60395 – 0.60750 – 0.60565 – 0.60368

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – Rising Wedge Chart Pattern