NZD/USD – 30M – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 0.57585 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.57855 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Matching Low’ candle chart pattern is found. The candles show ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.58171 |
| 2nd High | 0.57859 |
| Next High | 0.57855 |
| Current Price | 0.57712 |
| Next Low | 0.57585 |
| 2nd Low | 0.57534 |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Matching Low