NZD/USD – 30M – SELL

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

A continuation of the downtrend down to the next support line at 0.60222 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.60786 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Besides a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.60786 – 0.60822 – 0.6089 – 0.60307 – 0.60311 – 0.60222 —
0.60143 – 0.60285 —
33.920266774334 – 48.66343454492 —
– —
0.60786 – 1769781600

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – – – – – – – – –