NZD/USD – 4H – SELL

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

A continuation of the bearish trend down to the next support level at 0.5848 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.59481 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.58820594 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.59481 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.59481 – 0.60125 – 0.6003 – 0.5848 – 0.58356 – 0.5942 —
0.59389 – 0.59478 —
54.526385116716 – 57.193196477526 —
– —
0.59481 – 1772668800

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –