NZD/USD – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 0.56305 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.56575 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘Three Outside Down’ candle pattern is existing. The candles form ‘Three Outside Down’. which is a bearish 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.56575 – 0.57352 – 0.58428 – 0.56305 – 0.57227 – 0.5752 —
0.56575 – 0.56475 —
41.907884007692 – 48.849133323194 —
0.56575 – 1782345900 —
– 1782345900

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –