NZD/USD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 0.59070 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.59423 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.59423 – 0.59386 – 0.60818 – 0.59070 – 0.60299 – 0.60495 — 42.713154947116 – 32.381841225047 — 9.6742872274693 – 0.99449789625445 – 35.273089670326 – 15.236697270587

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – – –