NZD/USD – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 0.59471 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.59709 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Additionally a ‘Three Outside Down’ candle pattern is found. The chart shows ‘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’ going down is 69% (Bull Market) & 70% (Bear Market).

0.59709 – 0.6003 – 0.599 – 0.59471 – 0.59375 – 0.59454 —
0.59571 – 0.59702 —
39.202515573201 – 54.595134965326 —
– —
0.59709 – 1771909200

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