NZD/USD – 4H – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline downwards
A bearish movement downwards to the next support level at 0.56076 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.56593 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles show ‘Bearish Belt Hold’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57926 |
| 2nd High | 0.56719 |
| Next High | 0.56593 |
| Current Price | 0.56104 |
| Next Low | 0.56076 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Belt Hold