NZD/USD – 4H – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) goes from the descending trendline downwards
A continuation of the downward movement down to the next support line at 0.58285 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.58886 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Black Crows’ candle chart pattern is detected. 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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60374 |
| 2nd High | 0.59286 |
| Next High | 0.58886 |
| Current Price | 0.58510 |
| Next Low | 0.58285 |
| 2nd Low | 0.57965 |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows