NZD/USD – 30M – 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 is expected.

Caution: A possible change in the direction of resistance at 0.57784 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Additionally a ‘Matching Low’ candle chart pattern is discovered. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. 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).

0.57784 – 0.57783 – 0.57774 – 0.57578 – 0.57609 – 0.57341 —
0.57756 – 0.57703 —
53.562349772791 – 46.567174176795 —
– —
0.57784 – 1764869400

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