NZD/USD – 30M – SELLThere is also a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57369 |
| 2nd High | 0.56719 |
| Next High | 0.56640 |
| Current Price | 0.56283 |
| Next Low | 0.56276 |
| 2nd Low | 0.56211 |
| 3rd Low | 0.56134 |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Engulfing