NZD/USD – 1H – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards

A descent down to the next support line at 0.57682 is likely expected.

Caution: A possible change in the direction of resistance at 0.581 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Matching Low’ candle pattern is discovered. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.581 – 0.57776 – 0.58421 – 0.57682 – 0.57413 – 0.5733 —
0.57866 – 0.57901 —
49.175493029214 – 52.853922547743 —
– —
0.58100 – 1767693600

Trading Signals: FOREX – NZD – NZD/USD – USD – Matching Low – – – – – – – – –