NZD/USD – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.58759 is certain.

Caution: A possible change in the direction of the resistance zone at 0.58925 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘RSI Hidden Bearish Divergence’ indicator layout is detected. The indicator shows ‘RSI Hidden Bearish Divergence’. In der Regel bedeutet das ein positives signal. Die Paarung wird wahrscheinlich steigen.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.58718 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.58925 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Two Crows’ candle pattern is found. The chart forms ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.58925 – 0.59206 – 0.59223 – 0.58759 – 0.58978 – 0.58718 —
0.58925 – 0.58886 —
43.645131037391 – 46.985284435035 —
0.58925 – 1776942000 —
– 1776942000

Trading Signals: FOREX – NZD – NZD/USD – USD – Two Crows – – – – – – – – –