NZD/USD – 30M – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at 0.59502 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.59746 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
And also a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59907 |
| 2nd High | 0.59795 |
| Next High | 0.59746 |
| Current Price | 0.59669 |
| Next Low | 0.59502 |
| 2nd Low | 0.59223 |
| 3rd Low | 0.58789 |
0.59746 – 0.59609 – 0.59795 – 0.59502 – 0.5957 – 0.59223 — 53.528286302842 – 49.599338503322 — 70.372511533897 – 49.537402334264 – 82.40105177596 – 67.129960069295
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – – –