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Forex · candlestick pattern

Dark cloud cover on NZD/USD

On NZD/USD the dark cloud cover showed up 30 times. The target came first 40% of the time, the stop 47%, and 13% went nowhere within 12 candles.

Counted on NZD/USD: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily633%50%17%
Hourly2442%46%12%

NZD/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
NZD/USD3040%47%13%
All Forex charts43933%54%12%
Every market6,38536%57%8%

Year by year

YearFoundTarget firstStop first
2024333%67%
20251242%42%
2026944%44%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the dark cloud cover is

After a big green candle, red closes below its middle.

Imagine a sunny sky, and then a dark cloud slides over more than half of it. A dark cloud cover is like that: after a big green candle, the next red candle pushes down past the middle of the green one. Sellers took back more than half of the climb.

The full dark cloud cover lesson, video and quiz ›

Other patterns on NZD/USD

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · RSI oversold bounce · all of them

The dark cloud cover elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · EUR/GBP · AUD/USD · USD/CAD · EUR/INR · Ethereum · Bitcoin

Questions

How often does the dark cloud cover work on NZD/USD?

In 30 cases on NZD/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 47%; 13% went nowhere within 12 candles.

What is the dark cloud cover?

After a big green candle, red closes below its middle.