NZD/USD – 30M – SELL

Also there is a ‘Double top chart pattern’ chart pattern is existing. The chart shows ‘Double top chart pattern’. this is a bearish signal. The pair is likely to go down.

The currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the descending trendline downwards

A continuation of the downtrend down to the next support level at 0.59587 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.59785 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair could go down.

Also there is a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.59785 – 0.59987 – 0.59749 – 0.59587 – 0.59538 – 0.59514 —
0.59694 – 0.59705 —
46.045051835248 – 51.564493663085 —
– —
0.59785 – 1769488200

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – Double top chart pattern – – – – – – – –