NZD/USD – 1H – SELL

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

A continuation of the downtrend downwards to the next support at 0.60039 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.60479 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Moreover a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.60479 – 0.60503 – 0.60756 – 0.60039 – 0.60187 – 0.60141 —
0.60492 – 0.60422 —
59.60604269828 – 38.707820299543 —
– —
0.60479 – 1771239600

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – – – – – – – – –