NZD/USD – 30M – SELL

And also a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

The pair New Zealand Dollar/US Dollar (NZD/USD) goes from the ascending trendline down.

A descending movement down to the next support line at 0.58718 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.59206 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Matching Low’ candle pattern is discovered. The chart shows ‘Matching Low’. which 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 chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.59206 – 0.59223 – 0.59193 – 0.58978 – 0.58718 – 0.58956 —
0.59012 – 0.58894 —
39.049968972514 – 39.210493161003 —
– —
0.59206 – 1776877200

Trading Signals: FOREX – NZD – NZD/USD – USD – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –