NZD/USD – 30M – BUYAnd also a ‘Falling Window’ chart pattern is detected. The candles show ‘Falling Window’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59722 |
| 2nd High | 0.59470 |
| Next High | 0.59286 |
| Current Price | 0.59130 |
| Next Low | 0.59041 |
| 2nd Low | 0.58852 |
| 3rd Low | 0.58806 |
Trading Signals: FOREX – NZD – NZD/USD – USD – Falling Window