NZD/USD – 4H – SELL

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

A continuation of the bearish trend downwards to the next support at 0.57106 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.581 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

There is also a ‘Matching Low’ candle chart pattern is found. The chart forms ‘Matching Low’. this 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).

0.581 – 0.58529 – 0.58309 – 0.5733 – 0.57356 – 0.57579 —
0.57756 – 0.57462 —
42.961454921459 – 33.357191686719 —
– —
0.58100 – 1767686400

Trading Signals: FOREX – NZD – NZD/USD – USD – Matching Low – Double top retreat up – – – – – – – –