NZD/USD – 30M – SELL

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

A continuation of the downtrend down to the next support line at 0.5848 is expected.

Caution: A possible change in the direction of resistance at 0.59111 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ” indicator signal is existing. The indicator shows ”. this is usually a bearish chart scenario. The currency pair is likely to fall.

!

Besides a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.58715764 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.59111 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.59111 – 0.59197 – 0.59404 – 0.58914 – 0.59206 – 0.59071 —
0.59029 – 0.58959 —
43.764238975203 – 39.523226816094 —
– —
0.59111 – 1773313200

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –