NZD/USD – 30M – SELL

Moreover a ‘Double top chart pattern’ chart pattern is detected. The chart picture shows ‘Double top chart pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

The bearish trend down to the next support at is certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.60779 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.604095 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.60779 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. which is a negative signal. The 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%.

0.60779 – 0.60745 – 0.60731 – 0.60435 – 0.60288 – 0.60097

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – Double top chart pattern