NZD/USD – 30M – BUYFurthermore a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.59009242 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.59244 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Matching Low’ chart pattern is detected. The candles form ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59404 |
| 2nd High | 0.59287 |
| Next High | 0.59244 |
| Current Price | 0.59183 |
| Next Low | 0.58952 |
| 2nd Low | 0.58865 |
| 3rd Low | 0.58207 |
0.59244 – 0.59085 – 0.59101 – 0.58952 – 0.58865 – 0.58207 —
0.59069 – 0.59260 —
47.458185054479 – 67.90265403074 —
– —
0.59244 – 1777654800
Trading Signals: FOREX – NZD – NZD/USD – USD – Matching Low – – – – – – – – –