NZD/USD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.59235 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.59907 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish pattern 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%.

0.59907 – 0.5926 – 0.59244 – 0.5946 – 0.58714 – 0.58563 —
0.59799 – 0.59639 —
70.113629762521 – 48.339847576259 —
– —
0.59907 – 1778072400

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