NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) moves from the bearish trendline down.

A continuation of the downward movement down to the next support at 0.56889 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.57221 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.

Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Next a ‘Three Outside Down’ chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. 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).

0.57221 – 0.57293 – 0.57264 – 0.56889 – 0.57054 – 0.5681 —
0.57150 – 0.57089 —
58.125036035709 – 48.188043646965 —
– —
0.57221 – 1775521800

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