NZD/USD – 30M – SELL

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

A bearish movement down to the next support line at 0.57235 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.57497 could occur.
Consider stop-loss settings accordingly.

Next a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The currency pair could go down.

Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Tweezers Top’ candlestick chart pattern is detected. The candles show ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.57497 – 0.57453 – 0.57532 – 0.57235 – 0.57107 – 0.5737 —
0.57477 – 0.57489 —
62.587225213906 – 66.599797484158 —
– —
0.57497 – 1768186800

Trading Signals: FOREX – NZD – NZD/USD – USD – Tweezers Top – – – – – – – – –