Additionally a ‘Triple top chart pattern’ chart formation is existing. The chart picture shows ‘Triple top chart pattern’. this is a bearish chart scenario. The pair is likely to go down.
Additionally a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 | 0.59737 |
| Next Low | 0.58826 |
| 2nd Low | 0.58662 |
| 3rd Low | 0.58602 |
0.60818 – 0.60925 – 0.61058 – 0.60299 – 0.60495 – 0.60807 — 26.098004293674 – 24.432153981941 — 42.718984773968 – 41.669320312776 – 35.276981683945 – 40.691599146116
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – Triple top chart pattern – –