NZD/USD – 30M – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline downwards
A bearish trend downwards to the next support level at 0.56306 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.56922 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bearish Harami Cross’ candle chart pattern is existing. The candles form ‘Bearish Harami Cross’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57677 |
| 2nd High | 0.57369 |
| Next High | 0.56922 |
| Current Price | 0.56456 |
| Next Low | 0.56306 |
| 2nd Low | 0.55930 |
| 3rd Low | 0.55927 |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Harami Cross