NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline down.

A descent downwards to the next support level at 0.59342 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.60121 could happen.
In the case of a trade, always set appropriate stop-loss settings.

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 the support zone at 0.60121 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candlestick 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 chance of ‘Three Black Crows’ heading down is 82%.

Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to 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