NZD/USD – 30M – SELL

The pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support at is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.57976 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.

Additionally a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.57976 – 0.581 – 0.57917 – 0.57682 – 0.57788 – 0.57413 —
0.57804 – 0.57907 —
39.684865938898 – 49.816623063857 —
– —
0.57976 – 1767717000

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – – – – – – – – –