NZD/USD – 30M – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline down.
A descent downwards to the next support level at 0.58789 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.59423 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Three Black Crows’ chart pattern is found. The chart forms ‘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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60581 |
| 2nd High | 0.59907 |
| Next High | 0.59423 |
| Current Price | 0.59312 |
| Next Low | 0.58789 |
| 2nd Low | 0.58775 |
| 3rd Low | 0.58533 |
0.59175 – 0.58945 – 0.58916 – 0.58789 – 0.58775 – 0.58533 — 59.605978591877 – 57.70648087606 — 9.6642023692883 – 0 – 15.230149540295 – 9.2257751650287
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – – –