NZD/USD – 30M – SELL

And also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.

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

A descent downwards to the next support level at 0.60296 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.60479 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Inside Down’ candlestick pattern is existing. The chart shows ‘Three Inside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.60479 – 0.60503 – 0.60473 – 0.60296 – 0.60225 – 0.60141 —
0.60338 – 0.60327 —
43.482184620966 – 43.478247222759 —
– —
0.60479 – 1771239600

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Inside Down – Symmetrical Triangle Chart Pattern – – – – – – – –