NZD/USD – 30M – SELL

And also a ‘Double top chart pattern’ chart formation is detected. The chart picture forms ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the bearish trendline down.

A continuation of the downward movement down to the next support level at 0.57788 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.581 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

And also a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

And also a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.581 – 0.57917 – 0.57705 – 0.57788 – 0.57413 – 0.57421 —
0.57901 – 0.57976 —
43.025366915211 – 51.915576502299 —
– —
0.58100 – 1767693600

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – Double top chart pattern – – – – – – – –