Then a ‘Bearish Engulfing’ chart pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0 |
2nd High | 0 |
Next High | 0 |
Current Price | 0.58870 |
Next Low | 0 |
2nd Low | 0 |
3rd Low | 0 |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Engulfing