NZD/USD – 30M – SELL

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

A descent downwards to the next support line at 0.59206 will continue.

Caution: A possible change in the direction of resistance at 0.5964 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.5906 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.5964 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. 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).

0.5964 – 0.59389 – 0.59099 – 0.59206 – 0.59071 – 0.5848 —
0.59379 – 0.59462 —
51.365841217642 – 57.619482150058 —
– —
0.5964 – 1773172800

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