NZD/USD – 1H – SELL

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

A bearish descent down to the next support level at 0.57608 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.57944 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Two Crows’ candle chart pattern is found. The chart shows ‘Two Crows’. 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 success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.57944 – 0.57921 – 0.57911 – 0.57608 – 0.57583 – 0.57628 —
0.57901 – 0.58184 —
48.613603285732 – 68.580342459521 —
– —
0.57944 – 1765299600

Trading Signals: FOREX – NZD – NZD/USD – USD – Two Crows – – – – – – – – –