NZD/USD – 30M – SELL

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

A bearish movement downwards to the next support line at 0.58216 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.58639 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. this is a bearish chart scenario. 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%.

0.58639 – 0.58389 – 0.58441 – 0.58216 – 0.58108 – 0.5769 —
0.58514 – 0.58514 —
58.248101414696 – 53.303695176901 —
– —
0.58639 – 1781485200

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –