NZD/USD – 1H – SELL

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.564516 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.56886 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.56886 – 0.56905 – 0.5691 – 0.56378 – 0.56342 – 0.5645 —
0.56555 – 0.56747 —
40.237724576696 – 57.268421570992 —
– —
0.56886 – 1763373600

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – – – – –