NZD/USD – 1H – SELL

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

A descending movement down to the next support line at 0.5891 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.59276 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.59276 – 0.58658 – 0.58509 – 0.5891 – 0.58336 – 0.58205 —
0.59674 – 0.59619 —
80.451424683647 – 72.937856309724 —
– —
0.59276 – 1769122800

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