NZD/USD – 1H – SELL

Also there is a ‘StochRSI %K falls below 0.8’ indicator layout is discovered. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.58691 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.59101 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The 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%.

0.59101 – 0.58915 – 0.59235 – 0.58147 – 0.58654 – 0.58576 —
0.59101 – 0.59069 —
80.019847664812 – 66.347256359907 —
0.59101 – 1777590000 —
– 1777590000

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