NZD/USD – 1H – SELL

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

A continuation of the downtrend downwards to the next support at 0.59569 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.60043 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.5942 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.60043 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. 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 Black Crows’ going down is 82%.

0.60043 – 0.59944 – 0.60125 – 0.59569 – 0.59591 – 0.5942 —
0.59872 – 0.59642 —
45.514501975369 – 43.400831803242 —
– —
0.60043 – 1772215200

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