NZD/USD – 30M – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bearish trendline down.

A continuation of the bearish trend down to the next support level at 0.58103 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.58311 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Furthermore a ‘Two Crows’ candlestick pattern is existing. The candles form ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.58311 – 0.58325 – 0.58402 – 0.58103 – 0.58129 – 0.58181 — 44.425811725619 – 42.675304474064 — 68.606097274041 – 46.462303788108 – 84.496879656706 – 69.093475849551

Trading Signals: FOREX – NZD – NZD/USD – USD – Two Crows – – –