NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline downwards

A bearish descent downwards to the next support level at 0.57397 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.57792 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘%K cross below 0.8’ indicator layout is found. The indicator is ‘%K cross below 0.8’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.57792 – 0.57669 – 0.5752 – 0.57397 – 0.57413 – 0.57251 —
0.57952 – 0.57988 —
67.593379206353 – 61.354848071528 —
– —
0.57792 – 1768806000

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – Double bottom retreat down – – – – – – – –