NZD/USD – 1H – SELL

Furthermore a ‘Triple top chart pattern’ chart layout is found. The chart picture shows ‘Triple top chart pattern’. which is a bearish pattern signal. The pair is likely to go down.

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

A continuation of the downtrend down to the next support line at 0.58826 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.60818 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.60818 – 0.60925 – 0.61058 – 0.60299 – 0.60495 – 0.60807 — 21.488408195421 – 20.590089230129 — 43.10020801543 – 42.185521742396 – 40.301514368744 – 41.08743227819

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