NZD/USD – 4H – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at will continue.
Caution: A possible change in the direction of resistance at 0.58529 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.
There is also a ‘Matching Low’ candle pattern is existing. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.612 |
| 2nd High | 0.59795 |
| Next High | 0.58529 |
| Current Price | 0.57816 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.58529 – 0.58309 – 0.57512 – 0.5733 – 0.57356 – 0.57579 —
0.57584 – 0.57950 —
33.468843519537 – 54.435819978569 —
– —
0.58529 – 1766548800
Trading Signals: FOREX – NZD – NZD/USD – USD – Matching Low – – – – – – – – –