NZD/USD – 4H – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline down.
The bearish trend downwards to the next support at 0.58285 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.58886 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black 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 probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60374 |
| 2nd High | 0.59286 |
| Next High | 0.58886 |
| Current Price | 0.58223 |
| Next Low | 0.58285 |
| 2nd Low | 0.57965 |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows