NZD/USD – 1H – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bearish trendline downwards

A continuation of the downtrend downwards to the next support at 0.58108 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.58441 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative pattern 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 Black Crows’ heading down is 82%.

0.58441 – 0.58322 – 0.58473 – 0.58108 – 0.5769 – 0.57854 —
0.58322 – 0.58357 —
56.869757399127 – 58.476349586411 —
– —
0.58441 – 1781215200

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –