NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline down.

A bearish movement downwards to the next support at 0.57234 will continue.

Caution: A possible counter-trend in the direction of resistance at 0.57403 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Matching Low’ candlestick chart pattern is found. The chart forms ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.57403 – 0.5744 – 0.57432 – 0.57234 – 0.5717 – 0.57084 —
0.57367 – 0.57475 —
56.712625544771 – 67.674092448122 —
– —
0.57403 – 1764581400

Trading Signals: FOREX – NZD – NZD/USD – USD – Matching Low – Head and Shoulder chart pattern – – – – – – – –