Also there is a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the ascending trendline downwards
A descending movement down to the next support line at 0.60296 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.60479 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Tweezers Top’ candlestick chart pattern is detected. The chart shows ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60756 |
| 2nd High | 0.60503 |
| Next High | 0.60479 |
| Current Price | 0.60282 |
| Next Low | 0.60296 |
| 2nd Low | 0.60225 |
| 3rd Low | 0.60141 |
0.60479 – 0.60503 – 0.60473 – 0.60296 – 0.60225 – 0.60141 —
0.60350 – 0.60312 —
48.242371721096 – 42.045923405688 —
– —
0.60479 – 1771239600
Trading Signals: FOREX – NZD – NZD/USD – USD – Tweezers Top – Symmetrical Triangle Chart Pattern – – – – – – – –