GBPNZD: Possible Change in Trend...Movement to the downside!!!

First, lets look at candlestick pattern. As we all know, this simple 3 candlestick pattern shows us a BEARISH signal. How do we determine this? Just take the entry, lowest opening and highest closing to form a single candlestick. You will see a BEARISH candle from this. Next, we take a look at Ichimoku cloud. Today's candle shoed us a rejection from the Ichi Cloud which could signal to us that BEARISH movement have yet to stop. I could see price moving back to respect 1.9505 as a resistance level giving a potential movement to the support level @1.8990.

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