Furthermore a ‘Evening Star’ candle pattern is detected. The chart shows ‘Evening Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Evening Star’ heading down is 72% (Bull & Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.58886 |
2nd High | 0.58877 |
Next High | 0.58081 |
Current Price | 0.57705 |
Next Low | |
2nd Low | |
3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Evening Star