NZD/USD – 30M – SELL

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.

Additionally a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.57373296 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 0.57821 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ chart pattern is found. The candles form ‘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 probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.57506 – 0.57821 – 0.57803 – 0.57366 – 0.573 – 0.57346 —
0.57434 – 0.57552 —
49.306009063717 – 64.047574670904 —
0.57366 – 1768401000 —
0.57506 – 1768381200

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