And also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline down.
A bearish trend downwards to the next support at is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.59223 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.
And also a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. 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 ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.5964 |
| 2nd High | 0.59287 |
| Next High | 0.59223 |
| Current Price | 0.58595 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.59223 – 0.59287 – 0.58731 – 0.58492 – 0.57919 – 0.5681 —
0.59223 – 0.58886 —
61.123128769773 – 42.030399238456 —
0.59223 – 1776844800 —
– 1776844800
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –