NZD/USD – 4H – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at 0.58356 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.59481 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The pair is likely to go down.

Also there is a ‘Falling Window’ candlestick chart pattern is discovered. The candles form ‘Falling Window’. 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 likelyhood of ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).

0.59481 – 0.60125 – 0.6003 – 0.58356 – 0.5942 – 0.59375 —
0.59319 – 0.59071 —
42.889385453131 – 45.06874828559 —
– —
0.59481 – 1772668800

Trading Signals: FOREX – NZD – NZD/USD – USD – Falling Window – – – – – – – – –