NZD/USD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 0.59279 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.59819 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.59450808 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.59819 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.

Besides a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Besides a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

0.59819 – 0.59696 – 0.59697 – 0.59279 – 0.59481 – 0.59410

Download NZD/USD Signal Image

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