NZD/USD – 1H – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline down.

A bearish trend down to the next support at 0.56623 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.57297 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.56963 – 0.56213 – 0.56153 – 0.56623 – 0.55909 – 0.55823 —
0.57121 – 0.57252 —
79.071212904094 – 74.933451156745 —
– —
0.56963 – 1764133200

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –