NZD/USD – 1H – SELL

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

A continuation of the bearish trend down to the next support at 0.5737 will continue.

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

Furthermore a ‘%K cross below 0.8’ indicator layout is detected. The indicator is ‘%K cross below 0.8’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. 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%.

0.57929 – 0.57921 – 0.581 – 0.5737 – 0.57736 – 0.57682 —
0.57532 – 0.57428 —
41.54235264724 – 33.103170981568 —
– —
0.57929 – 1767790800

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –