NZD/USD – 4H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

A descent down to the next support level at 0.58826 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.60875 – 0.60710 – 0.60799 – 0.58826 – 0.59948 – 0.60061

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