And also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.56764 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 0.56979 could occur.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57267 |
| 2nd High | 0.57062 |
| Next High | 0.56979 |
| Current Price | 0.56778 |
| Next Low | 0.56864 |
| 2nd Low | 0.56764 |
| 3rd Low | 0.56675 |
0.56979 – 0.57062 – 0.57267 – 0.56864 – 0.56936 – 0.56764 —
0.56919 – 0.56907 —
45.900204767654 – 49.628482530677 —
– —
0.56979 – 1783438200
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows – – – – – – – – –