The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline down.
A bearish movement downwards to the next support at 0.58246 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.58454 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bearish Belt Hold’ candle pattern is discovered. The candles show ‘Bearish Belt Hold’. 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 ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58578 |
| 2nd High | 0.58482 |
| Next High | 0.58454 |
| Current Price | 0.58429 |
| Next Low | 0.58246 |
| 2nd Low | 0.58014 |
| 3rd Low | 0.57436 |
0.58454 – 0.58482 – 0.58578 – 0.58246 – 0.58331 – 0.58336 —
0.58321 – 0.58462 —
44.291738870885 – 58.98750907204 —
– —
0.58454 – 1784282400
Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Belt Hold – – – – – – – – –