NZD/USD – 1H – SELL

Also there is a ‘StochRSI %K falls below 0.8’ indicator layout is detected. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.58314 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.59348 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.59348 – 0.59452 – 0.59938 – 0.59106 – 0.58638 – 0.58314 —
0.59045 – 0.58773 —
29.584331081222 – 25.491758322915 —
– —
0.59348 – 1780462800

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – – – – – – – – –