NZD/USD – 1H – BUY

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.59870736 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.60786 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Matching Low’ candlestick pattern is existing. The candles show ‘Matching Low’. which is a positive 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’ going up is 61% (Bull & Bear Market).

0.60786 – 0.60922 – 0.60503 – 0.60222 – 0.60143 – 0.60073 —
0.60786 – 0.60415 —
50.471928968677 – 42.555532253952 —
0.60786 – 1769781600 —
– 1769781600

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