NZD/USD – 30M – SELL

The pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline down.

A descent downwards to the next support line at 0.5767 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.57921 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘%K fall below 80’ indicator layout is discovered. The indicator is ‘%K fall below 80’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 0.57841232 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.57921 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. which is a negative pattern 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%.

0.57921 – 0.57911 – 0.57867 – 0.5767 – 0.57583 – 0.57739 —
0.57876 – 0.57941 —
50.700416091335 – 62.83122638961 —
– —
0.57921 – 1765206000

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