NZD/USD – 30M – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 0.60232 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.60756 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Tweezers Top’ candle chart pattern is found. 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 probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60822 |
| 2nd High | 0.60786 |
| Next High | 0.60756 |
| Current Price | 0.60307 |
| Next Low | 0.60232 |
| 2nd Low | 0.59967 |
| 3rd Low | 0.59279 |
0.60756 – 0.6061 – 0.6073 – 0.60387 – 0.60397 – 0.60232 —
0.60680 – 0.60380 —
54.306746454341 – 38.456958466967 —
– —
0.60756 – 1770901200
Trading Signals: FOREX – NZD – NZD/USD – USD – Tweezers Top – – – – – – – – –