NZD/USD – 1H – SELLThe combination New Zealand Dollar/US Dollar (NZD/USD) jumps from the bullish trendline downwards
A descent downwards to the next support at 0.57978 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.58721 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
Additionally a ‘Matching Low’ candlestick chart pattern is detected. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.5964 |
| 2nd High | 0.59479 |
| Next High | 0.58721 |
| Current Price | 0.58664 |
| Next Low | 0.57978 |
| 2nd Low | 0.57847 |
| 3rd Low | 0.57737 |
0.58721 – 0.58683 – 0.58688 – 0.57978 – 0.57847 – 0.58166 —
0.58470 – 0.58778 —
57.613665128585 – 67.333112783049 —
– —
0.58721 – 1773824400
Trading Signals: FOREX – NZD – NZD/USD – USD – Matching Low – – – – – – – – –