NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline downwards

A bearish movement downwards to the next support level at 0.55949 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 0.56153 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.55917902 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.56153 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.56153 – 0.56069 – 0.56384 – 0.55949 – 0.56025 – 0.55823 —
0.56007 – 0.56131 —
43.842956229792 – 53.501993492339 —
– —
0.56153 – 1763766000

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