NZD/USD – 30M – SELL

The pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline downwards

A bearish movement downwards to the next support line at 0.59342 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 0.60121 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.59342 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.60121 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘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 success rate of a ‘Three Black Crows’ going down is 82%.

Additionally a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

0.60121 – 0.60225 – 0.59904 – 0.59342 – 0.59882 – 0.59634

Download NZD/USD Signal Image

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