NZD/USD – 30M – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline down.
A bearish descent downwards to the next support at 0.59041 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.59286 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59722 |
| 2nd High | 0.59470 |
| Next High | 0.59286 |
| Current Price | 0.59220 |
| Next Low | 0.59041 |
| 2nd Low | 0.58852 |
| 3rd Low | 0.58806 |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows