Moreover a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards
The bearish trend downwards to the next support level at is certain.
Caution: A possible trend reversal in the direction of resistance at 0.58626 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.
Moreover a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58843 |
| 2nd High | 0.58639 |
| Next High | 0.58626 |
| Current Price | 0.58227 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.58626 – 0.58639 – 0.58389 – 0.58216 – 0.58108 – 0.5769 —
0.58437 – 0.58292 —
46.261778801927 – 28.78169059711 —
– —
0.58626 – 1781510400
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –