NZD/USD – 30M – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline down.
The bearish trend down to the next support line at is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.59987 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
Furthermore a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.6079 |
| 2nd High | 0.60581 |
| Next High | 0.59987 |
| Current Price | 0.59641 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.59987 – 0.59749 – 0.59276 – 0.59538 – 0.59514 – 0.5891 —
0.59719 – 0.59694 —
42.535551948403 – 46.045051230043 —
– —
0.59987 – 1769454000
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –