NZD/USD – 1H – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline down.

A bearish descent down to the next support at 0.56891 is expected.

Caution: A possible change in the direction of the resistance level at 0.57166 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘Identical 3 Crows’ candlestick pattern is existing. The chart shows ‘Identical 3 Crows’. which 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 likelyhood of ‘Identical 3 Crows’ heading down is 79% (Bull Market) & 72% (Bear Market).

0.57166 – 0.56894 – 0.569 – 0.56891 – 0.56608 – 0.56404 —
0.57079 – 0.57219 —
61.700492156074 – 64.840762115432 —
– —
0.57166 – 1783004400

Trading Signals: FOREX – NZD – NZD/USD – USD – Identical 3 Crows – – – – – – – – –