NZD/USD – 30M – SELL

In addition a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.581645 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.58626 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Down’ candlestick pattern is existing. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.58626 – 0.58639 – 0.58389 – 0.58216 – 0.58108 – 0.5769 —
0.58462 – 0.58447 —
44.711595547221 – 50.241720869838 —
– —
0.58626 – 1781510400

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