NZD/USD – 30M – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline downwards
The bearish trend down to the next support at will persist.
Caution: A possible change in the direction of resistance at 0.60291 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.59271558 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 0.60291 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.
Besides a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.60291 |
| Current Price | 0.59455 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.60291 – 0.60134 – 0.60187 – 0.59801 – 0.59259 – 0.59247