NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline down.

A descent down to the next support level at 0.59462 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.59863 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.59571 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.59863 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

There is also a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

0.59863 – 0.59819 – 0.59696 – 0.59462 – 0.59279 – 0.59481

Download NZD/USD Signal Image

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