NZD/USD – 30M – SELL

The pair New Zealand Dollar/US Dollar (NZD/USD) goes from the descending trendline down.

A continuation of the downward movement downwards to the next support at 0.58572 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.59099 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘Matching Low’ candle pattern is detected. 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 likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.59099 – 0.59152 – 0.59143 – 0.58572 – 0.58725 – 0.59017 —
0.59040 – 0.58667 —
56.661712448869 – 34.105952919192 —
– —
0.59099 – 1772827200

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