NZD/USD – 1H – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards
A descending movement downwards to the next support level at 0.55865 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.56844 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Harami’ candlestick chart pattern is detected. The chart shows ‘Bearish Harami’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58171 |
| 2nd High | 0.57926 |
| Next High | 0.56844 |
| Current Price | 0.56623 |
| Next Low | 0.55865 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Harami