NZD/USD – 1H – SELL

Additionally a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support at 0.58108 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.58441 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Two Crows’ candlestick chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.58441 – 0.58322 – 0.58473 – 0.58108 – 0.5769 – 0.57854 —
0.58389 – 0.58348 —
61.100371336401 – 58.802115556583 —
– —
0.58441 – 1781215200

Trading Signals: FOREX – NZD – NZD/USD – USD – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –