NZD/USD – 1H – SELL

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.58594768 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 0.59235 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.59235 – 0.59223 – 0.59193 – 0.58576 – 0.58397 – 0.584 —
0.59019 – 0.58909 —
45.612612226416 – 41.823282505311 —
– —
0.59235 – 1777309200

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – – – – – – – – –