NZD/USD – 30M – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support level at is certain.
Caution: A possible change in the direction of the resistance zone at 0.56126 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bearish Belt Hold’ candlestick chart pattern is detected. The candles show ‘Bearish Belt Hold’. which 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 likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.56922 |
| 2nd High | 0.56414 |
| Next High | 0.56126 |
| Current Price | 0.55781 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Belt Hold