NZD/USD – 1H – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline downwards
The bearish trend downwards to the next support level at 0.55891 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.56922 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Harami’ candlestick chart pattern is discovered. The candles show ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to fall. 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 | 0.58171 |
| 2nd High | 0.57926 |
| Next High | 0.56922 |
| Current Price | 0.56076 |
| Next Low | 0.55891 |
| 2nd Low | 0.55865 |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Harami