NZD/USD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 0.58108 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.58639 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.58639 – 0.58441 – 0.58322 – 0.58108 – 0.5769 – 0.57854 —
0.58503 – 0.58437 —
55.629417674451 – 51.824128272298 —
– —
0.58639 – 1781485200

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