NZD/USD – 4H – SELL

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

A bearish trend down to the next support level at 0.57251 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.58921 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Down’ chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.58921 – 0.5964 – 0.59481 – 0.57617 – 0.57847 – 0.57737 —
0.57856 – 0.57411 —
31.440314123086 – 31.08551656521 —
– —
0.58921 – 1773950400

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