NZD/USD – 4H – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards
A descent downwards to the next support level at 0.57534 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.58886 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60374 |
| 2nd High | 0.59286 |
| Next High | 0.58886 |
| Current Price | 0.57336 |
| Next Low | 0.57534 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows