NZD/USD – 1H – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards
A descending movement downwards to the next support level at will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.57926 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Line Strike – Bearish’ candle chart pattern is detected. The chart forms ‘Three Line Strike – Bearish’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58877 |
| 2nd High | 0.58171 |
| Next High | 0.57926 |
| Current Price | 0.57201 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Line Strike – Bearish