NZD/USD – 1H – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline down.
A bearish movement down to the next support at 0.55410 is certain.
Caution: A possible change in the direction of the resistance line at 0.56030 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Tweezers Top’ candle chart pattern is found. The chart shows ‘Tweezers Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57926 |
| 2nd High | 0.56922 |
| Next High | 0.56030 |
| Current Price | 0.55942 |
| Next Low | 0.55410 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Tweezers Top