NZD/USD – 30M – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline down.
A bearish descent down to the next support line at is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.60291 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.59271558 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 0.60291 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.
There is also a ‘Two Crows’ candlestick pattern is detected. The candles form ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.60291 |
| Current Price | 0.59404 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.60291 – 0.60134 – 0.60187 – 0.59801 – 0.59259 – 0.59247