NZD/USD – 4H – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards
A bearish descent down to the next support level at is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.56640 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Harami’ candle chart pattern is discovered. The chart shows ‘Bearish Harami’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57926 |
| 2nd High | 0.56719 |
| Next High | 0.56640 |
| Current Price | 0.56027 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Harami