NZD/USD – 1H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

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

A bearish descent downwards to the next support at 0.58492 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.59223 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

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

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.58492 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.59223 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Black Crows’ chart pattern is existing. 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 probability of ‘Three Black Crows’ going down is 82%.

0.59223 – 0.59193 – 0.59203 – 0.58718 – 0.58492 – 0.58794 —
0.58861 – 0.58778 —
36.853014847003 – 40.936539597737 —
– —
0.59223 – 1776855600

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –