NZD/USD – 4H – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline downwards
A descent down to the next support level at 0.5733 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.581 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The pair is likely to go down.
In addition a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
In addition a ‘Matching Low’ candlestick chart pattern is found. The candles show ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59795 |
| 2nd High | 0.58529 |
| Next High | 0.581 |
| Current Price | 0.57424 |
| Next Low | 0.5733 |
| 2nd Low | 0.57106 |
| 3rd Low | 0.55909 |
0.581 – 0.58529 – 0.58309 – 0.5733 – 0.57356 – 0.57579 —
0.57928 – 0.57532 —
48.598858249437 – 37.979792618671 —
– —
0.58100 – 1767686400
Trading Signals: FOREX – NZD – NZD/USD – USD – Matching Low – Double bottom chart pattern – – – – – – – –