NZD/USD – 30M – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.57682 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.57929 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.
Besides a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.
Besides a ‘Two Crows’ candlestick chart pattern is existing. The chart forms ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.581 |
| 2nd High | 0.57976 |
| Next High | 0.57929 |
| Current Price | 0.57648 |
| Next Low | 0.57682 |
| 2nd Low | 0.57413 |
| 3rd Low | 0.5733 |
0.57929 – 0.57921 – 0.57976 – 0.5774 – 0.57736 – 0.57768 —
0.57756 – 0.57697 —
38.106785152839 – 36.975016292779 —
– —
0.57929 – 1767792600
Trading Signals: FOREX – NZD – NZD/USD – USD – Two Crows – Double top chart pattern – – – – – – – –