NZD/USD – 1H – SELL

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

A descending movement downwards to the next support line at 0.57436 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.58253 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Matching Low’ candle chart pattern is found. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.58253 – 0.58416 – 0.5788 – 0.57436 – 0.57472 – 0.56809 —
0.58217 – 0.58629 —
61.364004469097 – 72.546493548648 —
– —
0.58253 – 1784088000

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