NZD/USD – 4H – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline down.
A bearish movement downwards to the next support line at 0.56076 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.56719 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a negative chart scenario. 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58886 |
| 2nd High | 0.57926 |
| Next High | 0.56719 |
| Current Price | 0.56156 |
| Next Low | 0.56076 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows