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 0.58336 is likely expected.

Caution: A possible change in the direction of the resistance line at 0.59552 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.59552 – 0.59565 – 0.59943 – 0.59158 – 0.59279 – 0.59467 —
0.58826 – 0.58935 —
19.457523730242 – 33.753621587088 —
– —
0.59552 – 1772506800

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – – – – – – – – –