NZD/USD – 30M – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.57682 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.57929 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
And also a ‘Three Outside Down’ candle chart pattern is detected. The candles show ‘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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.581 |
| 2nd High | 0.57976 |
| Next High | 0.57929 |
| Current Price | 0.57672 |
| Next Low | 0.57682 |
| 2nd Low | 0.57413 |
| 3rd Low | 0.5733 |
0.57929 – 0.57921 – 0.57976 – 0.5774 – 0.57736 – 0.57768 —
0.57788 – 0.57730 —
38.435550050651 – 39.155643560297 —
– —
0.57929 – 1767792600
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Down – – – – – – – – –