NZD/USD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 0.57235 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.57803 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.

And also a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.

And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.57455 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.57803 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Two Crows’ candle pattern is found. The candles form ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.57803 – 0.57685 – 0.57497 – 0.57235 – 0.57107 – 0.5737 —
0.57672 – 0.57700 —
36.041225095947 – 52.941927917044 —
– —
0.57803 – 1768287600

Trading Signals: FOREX – NZD – NZD/USD – USD – Two Crows – Inverse Head and Shoulder chart pattern – – – – – – – –