NZD/USD – 30M – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards

A descending movement downwards to the next support line at 0.59546 will continue.

Caution: A possible change in the direction of the resistance line at 0.60581 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.59785 – 0.59987 – 0.59749 – 0.59546 – 0.59587 – 0.59538 —
0.60187 – 0.60426 —
71.011152512069 – 74.710089772882 —
– —
0.59785 – 1769488200

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