NZD/USD – 4H – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline downwards
The bearish trend down to the next support line at 0.56076 will continue.
Caution: A possible change in the direction of the resistance level at 0.56719 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. 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 | 0.58886 |
| 2nd High | 0.57926 |
| Next High | 0.56719 |
| Current Price | 0.56319 |
| Next Low | 0.56076 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows