NZD/USD – 30M – SELL

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

A bearish trend down to the next support line at 0.56675 is likely expected.

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

In addition a ‘StochRSI Hidden Bearish Divergence’ indicator signal is existing. The indicator shows ‘StochRSI Hidden Bearish Divergence’. chart signal.

In addition a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.57166 – 0.56894 – 0.569 – 0.56675 – 0.56659 – 0.56574 —
0.56969 – 0.56955 —
54.27890887669 – 51.737558006459 —
– —
0.57166 – 1783006200

Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – – – – – – – – –