NZD/USD – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline downwards
A bearish descent downwards to the next support at 0.57978 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.58915 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Furthermore a ‘Matching Low’ chart pattern is detected. The candles form ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. 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 | 0.59111 |
| 2nd High | 0.58921 |
| Next High | 0.58915 |
| Current Price | 0.58206 |
| Next Low | 0.57978 |
| 2nd Low | 0.57847 |
| 3rd Low | 0.57737 |
0.58915 – 0.5891 – 0.58921 – 0.57978 – 0.57847 – 0.58128 —
0.58376 – 0.58386 —
32.628341159671 – 36.028182095262 —
– —
0.58915 – 1774002600
Trading Signals: FOREX – NZD – NZD/USD – USD – Matching Low – Rising Wedge Chart Pattern – – – – – – – –