NZD/USD – 30M – SELL

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.

There is also a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.5858 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.59276 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Matching Low’ chart pattern is found. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. 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).

0.59276 – 0.58625 – 0.58658 – 0.58336 – 0.58205 – 0.58286 —
0.59116 – 0.59085 —
55.964413924008 – 47.977701817401 —
– —
0.59276 – 1769124600

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