NZD/USD – 1H – SELL

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

A bearish descent downwards to the next support level at 0.57978 is likely expected.

Caution: A possible change in the direction of the resistance line at 0.58921 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.58921 – 0.58721 – 0.58683 – 0.57978 – 0.57847 – 0.58166 —
0.58778 – 0.58831 —
67.333112331992 – 66.147092535557 —
– —
0.58921 – 1773957600

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