NZD/USD – 30M – SELL

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

A bearish movement down to the next support line at 0.5848 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 0.59456 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Down’ candlestick pattern is found. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.59099 – 0.59152 – 0.59143 – 0.5848 – 0.58572 – 0.58725 —
0.59328 – 0.59335 —
63.222685107949 – 61.957036255933 —
– —
0.59099 – 1772827200

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