NZD/USD – 4H – BUY

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

Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.59630602 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.60756 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Matching Low’ candle chart pattern is found. The candles show ‘Matching Low’. which 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 success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.60756 – 0.60629 – 0.60922 – 0.60141 – 0.60232 – 0.59279 —
0.60355 – 0.60527 —
46.963124795398 – 43.57341457026 —
– —
0.60756 – 1770897600

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