NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at 0.58331 will continue.

Caution: A possible change in the direction of the resistance level at 0.58482 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

In addition a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.

In addition a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. 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. Target of the current trend is 0.580325 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.58482 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.58482 – 0.58578 – 0.58629 – 0.58331 – 0.58336 – 0.58014 —
0.58397 – 0.58437 —
41.368503151865 – 51.405377303155 —
– —
0.58482 – 1784260800

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