NZD/USD – 30M – SELLIn addition a ‘Head and Shoulder chart pattern’ chart pattern is found. The chart picture shows ‘Head and Shoulder chart pattern’. which is a negative chart scenario. The pair is likely to go down.
The pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline downwards
A descent down to the next support line at 0.60807 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.61058 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
In addition a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.61200 |
| Next High | 0.61058 |
| Current Price | 0.60780 |
| Next Low | 0.60807 |
| 2nd Low | 0.60750 |
| 3rd Low | 0.60565 |
0.61058 – 0.61200 – 0.60985 – 0.60807 – 0.60750 – 0.60565
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – Head and Shoulder chart pattern