NZD/USD – 30M – SELL

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.58397 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 0.58925 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Matching Low’ candlestick 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 likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.58925 – 0.59206 – 0.59223 – 0.58397 – 0.584 – 0.58759 —
0.58540 – 0.58611 —
44.157255608159 – 52.468499463938 —
– —
0.58925 – 1776942000

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