NZD/USD – 4H – SELL

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

A continuation of the bearish trend down to the next support at 0.5848 will continue.

Caution: A possible change in the direction of the resistance zone at 0.59481 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.

Then a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.58820594 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.59481 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.59481 – 0.60125 – 0.6003 – 0.5848 – 0.58356 – 0.5942 —
0.59155 – 0.59618 —
49.099192046217 – 59.674964506822 —
– —
0.59481 – 1772668800

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