NZD/USD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.58956 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 0.59203 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘StochRSI Hidden Bearish Divergence’ indicator signal is detected. The indicator shows ‘StochRSI Hidden Bearish Divergence’. Dieses ist oftmals ein bullisches chart scenario. Das Paar wird voraussichtlich nach oben gehen.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.588895 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.59203 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

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

0.59203 – 0.58951 – 0.58825 – 0.58956 – 0.5876 – 0.58627 —
0.59054 – 0.59184 —
50.815459472216 – 61.598989889106 —
– —
0.59203 – 1776745800

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – – – – – – – – –