NZD/USD – 30M – SELLIn addition a ‘Double top retreat up’ chart formation is found. The chart picture shows ‘Double top retreat up’. which is a positive chart scenario. The currency pair is likely to go up.
The pair New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline downwards
A bearish trend down to the next support level at 0.58775 will continue.
Caution: A possible change in the direction of the resistance level at 0.58945 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Line Strike – Bullish’ candlestick pattern is detected. The candles form ‘Three Line Strike – Bullish’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59302 |
| 2nd High | 0.58977 |
| Next High | 0.58945 |
| Current Price | 0.58777 |
| Next Low | 0.58775 |
| 2nd Low | 0.58533 |
| 3rd Low | 0.58425 |
0.58945 – 0.58916 – 0.58677 – 0.58775 – 0.58533 – 0.58425 — 61.91280149918 – 68.653048588323 — 31.04878189253 – 30.513009609875 – 56.909648230273 – 41.349051031688
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Line Strike – Bullish – Double top retreat up – –