NZD/USD – 1H – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline down.
The bearish trend down to the next support at 0.59546 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.60818 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61058 |
| 2nd High | 0.60925 |
| Next High | 0.60818 |
| Current Price | 0.60247 |
| Next Low | 0.59546 |
| 2nd Low | 0.5891 |
| 3rd Low | 0.58336 |
0.59987 – 0.59749 – 0.59276 – 0.59546 – 0.5891 – 0.58336 —
0.60120 – 0.60431 —
71.680403290394 – 76.421380326973 —
– —
0.59987 – 1769454000
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – – – – – – – – –