NZD/USD – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

A bearish descent downwards to the next support at 0.57567 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.57911 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.

There is also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.57648184 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 0.57911 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart forms ‘Three Outside Down’. which 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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.57911 – 0.57867 – 0.57804 – 0.57739 – 0.57667 – 0.57567 —
0.57859 – 0.57879 —
50.973878885768 – 55.435973703989 —
– —
0.57911 – 1765164600

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –