NZD/USD – 30M – SELL

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

A bearish trend down to the next support level at 0.5774 is likely expected.

Caution: A possible change in the direction of the resistance zone at 0.57929 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.57682 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 0.57929 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Down’ candle pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The currency 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).

0.57929 – 0.57921 – 0.57976 – 0.5774 – 0.57736 – 0.57768 —
0.57811 – 0.57791 —
37.853608312561 – 41.944850976573 —
– —
0.57929 – 1767792600

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