In addition a ‘Double bottom retreat down’ chart layout is detected. The chart forms ‘Double bottom retreat down’. which is a bearish chart scenario. The pair is likely to go down.
In addition a ‘Bearish Harami’ candle chart pattern is found. The chart shows ‘Bearish Harami’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60756 |
| 2nd High | 0.60503 |
| Next High | 0.60496 |
| Current Price | 0.60486 |
| Next Low | 0.60039 |
| 2nd Low | 0.59967 |
| 3rd Low | 0.59279 |
0.60496 – 0.60355 – 0.60479 – 0.60039 – 0.60187 – 0.60296 —
0.60321 – 0.60490 —
52.612669428803 – 61.344656562773 —
– —
0.60496 – 1771333200
Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Harami – Double bottom retreat down – – – – – – – –