NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at 0.57366 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.57556 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The pair is likely to go down.

Also there is a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The 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).

0.57556 – 0.57506 – 0.57821 – 0.57366 – 0.573 – 0.57346 —
0.57488 – 0.57435 —
54.457121173713 – 47.565914795354 —
– —
0.57556 – 1768415400

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