NZD/USD – 30M – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline downwards
The bearish trend down to the next support level at is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.58171 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Engulfing’ candle chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58886 |
| 2nd High | 0.58877 |
| Next High | 0.58171 |
| Current Price | 0.57546 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Bearish Engulfing