NZD/USD – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

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

A bearish trend down to the next support line at 0.59004 is considered certain.

Caution: A possible change in the direction of the resistance line at 0.59328 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish 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’ going down is 69% (Bull Market) & 70% (Bear Market).

0.59328 – 0.59066 – 0.59552 – 0.59004 – 0.58608 – 0.58356 —
0.59432 – 0.59407 —
66.267575035985 – 55.883182554992 —
– —
0.59328 – 1772625600

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –