NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the descending trendline downwards

A continuation of the downtrend downwards to the next support at 0.56992 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.5735 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘Two Crows’ candle pattern is detected. The candles show ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.5735 – 0.5749 – 0.57774 – 0.57038 – 0.57059 – 0.56992 —
0.57087 – 0.57359 —
42.194867703005 – 64.653810970369 —
– —
0.5735 – 1774931400

Trading Signals: FOREX – NZD – NZD/USD – USD – Two Crows – – – – – – – – –