NZD/USD – 30M – SELL

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

A bearish descent downwards to the next support level at 0.58718 is considered certain.

Caution: A possible change in the direction of the resistance line at 0.59193 could happen.
Consider stop-loss settings accordingly.

And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.59079736 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 0.59193 could happen.
Consider stop-loss settings accordingly.

And also a ‘Matching Low’ candlestick chart pattern is found. The candles form ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.59193 – 0.59203 – 0.58951 – 0.58718 – 0.58956 – 0.5876 —
0.59075 – 0.59201 —
55.386463445872 – 62.887599734526 —
– —
0.59193 – 1776792600

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