NZD/USD – 1H – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline down.
A descent down to the next support level at 0.60750 will persist.
Caution: A possible change in the direction of the resistance zone at is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.60978 |
| Next Low | 0.60750 |
| 2nd Low | 0.60565 |
| 3rd Low | 0.60368 |
0.60779 – 0.60745 – 0.60395 – 0.60750 – 0.60565 – 0.60368
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – Double bottom retreat down