NZD/USD – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.5890872 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.59279 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59470 |
| 2nd High | 0.59286 |
| Next High | 0.59279 |
| Current Price | 0.58997 |
| Next Low | 0.58898 |
| 2nd Low | 0.58852 |
| 3rd Low | 0.58806 |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows