NZD/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 0.58108 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.58389 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The pair is likely to go down.

And also a ‘Tweezers Top’ candle pattern is existing. The candles form ‘Tweezers Top’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.58389 – 0.58441 – 0.58322 – 0.58108 – 0.5769 – 0.57854 —
0.58317 – 0.58316 —
56.659413525036 – 55.380396724016 —
– —
0.58389 – 1781267400

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