NZD/USD – 4H – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bearish trendline downwards

A continuation of the downward movement downwards to the next support line at 0.5681 will continue.

Caution: A possible counter-trend in the direction of resistance at 0.57772 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Matching Low’ candlestick pattern is detected. The candles form ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.57772 – 0.58921 – 0.5964 – 0.5681 – 0.56974 – 0.57617 —
0.57060 – 0.57220 —
40.713147977201 – 50.195791192281 —
– —
0.57772 – 1775044800

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