NZD/USD – 4H – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bearish trendline down.

A continuation of the bearish trend downwards to the next support at 0.58356 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.60125 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

There is also a ‘Three Inside Down’ candlestick pattern is detected. The chart shows ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.60125 – 0.6003 – 0.60527 – 0.58356 – 0.5942 – 0.59375 —
0.58935 – 0.59421 —
25.877430276736 – 52.129704135786 —
0.58356 – 1772553600 —
0.60125 – 1772078400

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