NZD/USD – 4H – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the descending trendline downwards
A continuation of the downward movement down to the next support at 0.58177 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.58803 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.
And also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
And also a ‘Matching Low’ candle chart pattern is found. The candles form ‘Matching Low’. this is a bullish pattern signal. 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 | 0.612 |
| 2nd High | 0.59423 |
| Next High | 0.58803 |
| Current Price | 0.58666 |
| Next Low | 0.58177 |
| 2nd Low | 0.57995 |
| 3rd Low | 0.5485 |
0.58803 – 0.59423 – 0.612 – 0.58177 – 0.57995 – 0.5907 — 47.631091214903 – 46.914736055424 — 64.728441127695 – 63.177955356979 – 65.169591382652 – 66.405504190303
Trading Signals: FOREX – NZD – NZD/USD – USD – Matching Low – Triple bottom chart pattern – –