NZD/USD – 30M – SELLFurthermore a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59722 |
| 2nd High | 0.59470 |
| Next High | 0.59286 |
| Current Price | 0.59095 |
| Next Low | 0.58852 |
| 2nd Low | 0.58806 |
| 3rd Low | 0.58800 |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Engulfing