NZD/USD – 30M – SELL

The pair New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline downwards

The bearish trend downwards to the next support level at 0.57742 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.58244 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Matching Low’ candle pattern is found. The chart shows ‘Matching Low’. which is a positive pattern 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).

0.58244 – 0.5789 – 0.5782 – 0.57742 – 0.57608 – 0.57729 —
0.58141 – 0.58119 —
66.633521663 – 50.972581805538 —
– —
0.58244 – 1765404000

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