NZD/USD – 4H – SELL

Besides a ‘Double top chart pattern’ chart layout is existing. The chart picture forms ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A continuation of the downtrend downwards to the next support level at 0.56057 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.5691 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.56057 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 0.5691 could occur.
Please make appropriate stop-loss settings in the case of a trade.

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

0.5691 – 0.56698 – 0.58011 – 0.56342 – 0.56057 – 0.56301 —
0.56747 – 0.56683 —
51.47039849545 – 46.510720528121 —
– —
0.56910 – 1763092800

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