The pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline down.
A bearish movement downwards to the next support line at is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.60125 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.
Additionally a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60756 |
| 2nd High | 0.60527 |
| Next High | 0.60125 |
| Current Price | 0.59723 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.60125 – 0.59709 – 0.6003 – 0.59591 – 0.5942 – 0.59471 —
0.60039 – 0.59872 —
53.873546380713 – 43.76934708921 —
– —
0.60125 – 1772078400
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – – – – – – – – –