NZD/USD – 30M – SELL

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

A descent down to the next support at 0.60053 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.60691 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘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).

0.60691 – 0.60710 – 0.60655 – 0.60053 – 0.60237 – 0.60231

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