NZD/USD – 4H – SELL

There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.57107 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.57821 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.57821 – 0.581 – 0.58529 – 0.57107 – 0.5733 – 0.57356 —
0.57700 – 0.57495 —
39.489952486845 – 45.236822379053 —
– —
0.57821 – 1768305600

Trading Signals: FOREX – NZD – NZD/USD – USD – Two Crows – Double top chart pattern – – – – – – – –