NZD/USD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.56384 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

In addition a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.56384 – 0.56747 – 0.56886 – 0.55823 – 0.55791 – 0.55896 —
0.56150 – 0.56141 —
57.810195773983 – 54.354295896481 —
– —
0.56384 – 1763654400

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – – – – – – – – –