NZD/USD – 30M – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards
A descending movement downwards to the next support level at 0.58737 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.59470 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. this 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59771 |
| 2nd High | 0.59722 |
| Next High | 0.59470 |
| Current Price | 0.59055 |
| Next Low | 0.58737 |
| 2nd Low | 0.58359 |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows