There is also a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline down.
A descending movement downwards to the next support level at 0.60307 is certain.
Caution: A possible change in the direction of the resistance zone at 0.60786 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Three Outside Down’ candle pattern is detected. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.6089 |
| 2nd High | 0.60822 |
| Next High | 0.60786 |
| Current Price | 0.60326 |
| Next Low | 0.60307 |
| 2nd Low | 0.60222 |
| 3rd Low | 0.60143 |
0.60786 – 0.60822 – 0.6089 – 0.60307 – 0.60311 – 0.60222 —
0.60678 – 0.60492 —
53.958285255664 – 44.811229414819 —
– —
0.60786 – 1769781600
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –