NZD/USD – 30M – SELL

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

The bearish trend downwards to the next support at will persist.

Caution: A possible trend reversal in the direction of resistance at 0.59829 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

Next a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.59829 – 0.59653 – 0.59907 – 0.59537 – 0.5946 – 0.58714 —
0.59829 – 0.59639 —
63.958417542181 – 42.670728476133 —
0.59829 – 1778167800 —
– 1778167800

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