NZD/USD – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A descending movement downwards to the next support line at is likely expected.

Caution: A possible change in the direction of the resistance level at 0.60629 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.60119494 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 0.60629 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.60629 – 0.60575 – 0.60786 – 0.60191 – 0.59901 – 0.60222 —
0.60486 – 0.60470 —
53.191571942181 – 55.567586187331 —
– —
0.60629 – 1770159600

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