NZD/USD – 4H – SELL

Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

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

A continuation of the downward movement down to the next support level at is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.5691 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.5691 – 0.56698 – 0.58011 – 0.56342 – 0.56057 – 0.56301 —
0.56878 – 0.56747 —
57.084644894202 – 51.470398691703 —
– —
0.56910 – 1763092800

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