NZD/USD – 1H – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 0.58356 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.59481 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

In addition a ‘Two Crows’ candlestick chart pattern is found. The chart forms ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.59481 – 0.59066 – 0.60043 – 0.58356 – 0.59158 – 0.59569 —
0.59320 – 0.59135 —
49.536101643106 – 44.386607018806 —
– —
0.59481 – 1772679600

Trading Signals: FOREX – NZD – NZD/USD – USD – Two Crows – – – – – – – – –