The combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.5485 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.56384 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.
In addition a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.56747 |
| 2nd High | 0.56431 |
| Next High | 0.56384 |
| Current Price | 0.55859 |
| Next Low | 0.5485 |
| 2nd Low | |
| 3rd Low |
0.56384 – 0.56145 – 0.56431 – 0.55896 – 0.56276 – 0.56466 —
0.56116 – 0.56002 —
34.972953918924 – 40.22925198672 —
– —
0.56384 – 1763656200
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – – – – –