NZD/USD – 1H – SELL

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

A descent down to the next support level at 0.59259 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.60291 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

Then a ‘Two Crows’ candle chart pattern is found. The chart shows ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Then a ‘Double top chart pattern’ chart layout is detected. The chart shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

Then a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

0.60291 – 0.60187 – 0.59776 – 0.59801 – 0.59259 – 0.59247

Download NZD/USD Signal Image

Trading Signals: FOREX – NZD – NZD/USD – USD – Two Crows