NZD/USD – 4H – SELL

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

A continuation of the downward movement down to the next support line at 0.55791 is likely expected.

Caution: A possible change in the direction of the resistance zone at 0.5691 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

And also a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.5691 – 0.56698 – 0.58011 – 0.55791 – 0.56342 – 0.56057 —
0.56153 – 0.56213 —
45.196063392784 – 48.929230506659 —
– —
0.56910 – 1763092800

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – Double bottom chart pattern – – – – – – – –