NZD/USD – 1H – SELL

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

A continuation of the downward movement down to the next support at 0.57986 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.58473 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.58473 – 0.58366 – 0.58867 – 0.57986 – 0.57789 – 0.58506 —
0.58454 – 0.58157 —
58.194155719299 – 44.302708619192 —
– —
0.58473 – 1780995600

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