NZD/USD – 1H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

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

A bearish descent down to the next support level at 0.60750 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.60875 is also possible.
Consider stop-loss settings accordingly.

And also a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.60779 – 0.60745 – 0.60395 – 0.60750 – 0.60565 – 0.60368

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – Rising Wedge Chart Pattern