Sell NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline downwards

A bearish movement downwards to the next support line at 0.58151 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.58886 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish pattern 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 0.59109
2nd High 0.59044
Next High 0.58886
Current Price 0.58250
Next Low 0.58151
2nd Low 0.57965
3rd Low

Download NZD/USD Signal Image

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