NZD/USD – 30M – SELL

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.60098094 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 0.60575 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Outside Down’ candle pattern is found. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. 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).

0.60575 – 0.60259 – 0.60786 – 0.59906 – 0.59903 – 0.59901 —
0.60388 – 0.60431 —
53.837469889985 – 57.06954283785 —
– —
0.60575 – 1770111000

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