NZD/USD – 4H – SELL

The pair New Zealand Dollar/US Dollar (NZD/USD) goes from the descending trendline downwards

A continuation of the bearish trend down to the next support at 0.5626 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.58639 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish signal. 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).

0.569 – 0.58639 – 0.59938 – 0.5626 – 0.56305 – 0.57945 —
0.56846 – 0.57267 —
58.013837399653 – 72.176127017505 —
– —
0.569 – 1782835200

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