NZD/USD – 30M – SELLMoreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.
Moreover a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
Moreover a ‘Double top chart pattern’ chart layout is found. The chart shows ‘Double top chart pattern’. this is a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59743 |
| 2nd High | 0.59431 |
| Next High | 0.59202 |
| Current Price | 0.58902 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.59202 – 0.59053 – 0.59431 – 0.58844 – 0.58703 – 0.59142
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down