NZD/USD – 30M – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.60163 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.60565 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60875 |
| 2nd High | 0.60794 |
| Next High | 0.60565 |
| Current Price | 0.59732 |
| Next Low | 0.60163 |
| 2nd Low | 0.60092 |
| 3rd Low | 0.60035 |
0.60565 – 0.60393 – 0.60794 – 0.60163 – 0.60173 – 0.60092
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows