NZD/USD – 1H – SELL

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

A bearish movement downwards to the next support line at 0.58108 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.58639 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The pair is likely to go down.

Besides a ‘MACD Hidden Bearish Divergence’ indicator signal is existing. The indicator shows ‘MACD Hidden Bearish Divergence’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ candlestick chart pattern is existing. The candles show ‘Three Outside Down’. this 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.58639 – 0.58441 – 0.58322 – 0.58108 – 0.5769 – 0.57854 —
0.58639 – 0.58626 —
70.224357326874 – 66.187653175629 —
0.58639 – 1781485200 —
– 1781485200

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