NZD/USD – 30M – SELL

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

A descending movement down to the next support line at 0.57788 is considered certain.

Caution: A possible change in the direction of the resistance line at 0.57917 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Three Outside Down’ candle pattern is found. The candles show ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.57917 – 0.57705 – 0.57776 – 0.57788 – 0.57413 – 0.57421 —
0.58044 – 0.57958 —
67.266288780072 – 46.609602313789 —
– —
0.57917 – 1767650400

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