NZD/USD – 30M – SELL

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

A bearish trend down to the next support at 0.58419 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.58683 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Next a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.58683 – 0.58688 – 0.58149 – 0.58419 – 0.58166 – 0.57986 —
0.58629 – 0.58721 —
47.41103915776 – 68.024520637356 —
– —
0.58683 – 1773781200

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