NZD/USD – 4H – SELL

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

The bearish trend downwards to the next support at 0.57251 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.5964 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ chart pattern is existing. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. 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).

0.5964 – 0.59481 – 0.60125 – 0.5848 – 0.58356 – 0.5942 —
0.59196 – 0.58587 —
48.704053135345 – 34.243825654421 —
– —
0.5964 – 1773172800

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