NZD/USD – 1H – SELLIn addition a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.55791 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.56384 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Shooting Star’ chart pattern is detected. The chart forms ‘Shooting Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.56886 |
| 2nd High | 0.56747 |
| Next High | 0.56384 |
| Current Price | 0.55937 |
| Next Low | 0.55791 |
| 2nd Low | 0.5485 |
| 3rd Low |
0.56384 – 0.56747 – 0.56886 – 0.55791 – 0.55896 – 0.56378 —
0.56034 – 0.56070 —
50.357749083866 – 53.803917773903 —
– —
0.56384 – 1763654400
Trading Signals: FOREX – NZD – NZD/USD – USD – Shooting Star – – – – – – – – –