NZD/USD – 1H – SELL

Besides a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

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

A descent downwards to the next support at 0.56764 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.57062 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Besides a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.56607668 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 0.57062 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.57062 – 0.57267 – 0.57166 – 0.56764 – 0.56891 – 0.56608 —
0.56906 – 0.56909 —
43.475752700368 – 48.765714578354 —
– —
0.57062 – 1783396800

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