And also a ‘Triple top chart pattern’ chart layout is found. The formation shows ‘Triple top chart pattern’. which is a bearish signal. The pair is likely to go down.
And also a ‘Three Outside Down’ candlestick pattern is detected. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.61058 |
| 2nd High | 0.60925 |
| Next High | 0.60818 |
| Current Price | 0.59126 |
| Next Low | 0.58826 |
| 2nd Low | 0.58662 |
| 3rd Low | 0.58602 |
0.60818 – 0.60925 – 0.61058 – 0.60299 – 0.60495 – 0.60807 — 19.750607136417 – 19.358329735972 — 32.04871872561 – 44.072436178562 – 19.950877462205 – 31.711862147454
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – Triple top chart pattern – –