NZD/USD – 1H – SELL

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

A descending movement downwards to the next support line at will continue.

Caution: A possible change in the direction of resistance at 0.61200 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. this 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 Black Crows’ going down is 82%.

0.61200 – 0.60779 – 0.60745 – 0.60807 – 0.60750 – 0.60565

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – Head and Shoulder chart pattern