NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) moves from the descending trendline down.

A continuation of the downward movement down to the next support at is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.57515 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.

Also there is a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.57515 – 0.57556 – 0.57506 – 0.57309 – 0.57366 – 0.573 —
0.57443 – 0.57465 —
57.475304100955 – 56.420413559772 —
– —
0.57515 – 1768435500

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