NZD/USD – 1H – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline down.
A bearish movement downwards to the next support at 0.60143 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.60818 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The 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 | 0.61058 |
| 2nd High | 0.60925 |
| Next High | 0.60818 |
| Current Price | 0.60657 |
| Next Low | 0.60143 |
| 2nd Low | 0.60073 |
| 3rd Low | 0.59546 |
0.60503 – 0.59987 – 0.59749 – 0.60143 – 0.60073 – 0.59546 —
0.60701 – 0.60884 —
70.436033180795 – 68.161208780657 —
– —
0.60503 – 1769551200
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – – – – – – – – –