NZD/USD – 4H – SELL

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.

And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.59670534 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.6003 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative 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 Black Crows’ going down is 82%.

0.6003 – 0.60527 – 0.60756 – 0.5942 – 0.59375 – 0.60141 —
0.59751 – 0.60125 —
47.676847287918 – 61.093376939267 —
– —
0.6003 – 1771805100

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