NZD/USD – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

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

A bearish trend down to the next support line at 0.57736 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.57929 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.

Additionally a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The pair is likely to go down.

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

Additionally a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.57929 – 0.57921 – 0.581 – 0.57736 – 0.57682 – 0.57413 —
0.57929 – 0.57846 —
57.573083722208 – 46.613249008411 —
0.57929 – 1767790800 —
– 1767790800

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