NZD/USD – 1H – SELL

The pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline downwards

The bearish trend downwards to the next support level at 0.59569 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.59944 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. which 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).

0.59944 – 0.60125 – 0.59709 – 0.59569 – 0.59591 – 0.5942 —
0.59935 – 0.60037 —
50.347456828573 – 61.482305920402 —
– —
0.59944 – 1772175600

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