NZD/USD – 30M – SELL

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

A descending movement down to the next support line at 0.55949 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.56153 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.55917902 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 0.56153 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Three Outside Down’ chart pattern is existing. The chart forms ‘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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.56153 – 0.56069 – 0.56384 – 0.55949 – 0.56025 – 0.55823 —
0.56128 – 0.56139 —
57.148591705854 – 56.233414692045 —
– —
0.56153 – 1763766000

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