NZD/USD – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.57227 is certain.

Caution: A possible change in the direction of the resistance level at 0.5762 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Matching Low’ candle pattern is found. The chart forms ‘Matching Low’. which is a bullish pattern 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).

0.5762 – 0.57986 – 0.58225 – 0.57227 – 0.57548 – 0.5752 —
0.57396 – 0.57450 —
41.893874291374 – 48.708701401218 —
– —
0.5762 – 1781839800

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