NZD/USD – 30M – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline down.

A bearish trend down to the next support line at 0.55909 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.56213 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Also there is a ‘Three Outside Down’ candlestick pattern is detected. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. 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).

0.56213 – 0.56153 – 0.56069 – 0.55909 – 0.5592 – 0.55949 —
0.56144 – 0.56261 —
57.685481037118 – 65.434491424062 —
– —
0.56213 – 1764039600

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – – – – – – – – –