NZD/USD – 30M – SELL

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

A continuation of the downward movement down to the next support line at 0.58932 is expected.

Caution: A possible change in the direction of the resistance zone at 0.59508 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.59133072 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.59508 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.

And also a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

And also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.

0.59508 – 0.59460 – 0.59493 – 0.58932 – 0.59255 – 0.58979

Download NZD/USD Signal Image

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