NZD/USD – 30M – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline downwards
A bearish descent down to the next support at 0.55874 is certain.
Caution: A possible change in the direction of resistance at 0.56462 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Harami’ candlestick chart pattern is existing. The chart shows ‘Bearish Harami’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.56719 |
| 2nd High | 0.56640 |
| Next High | 0.56462 |
| Current Price | 0.56161 |
| Next Low | 0.55874 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Harami