NZD/USD – 30M – SELL

The currency pair New Zealand Dollar/US Dollar (NZD/USD) moves from the descending trendline down.

A continuation of the downtrend down to the next support at 0.59206 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.59479 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘Tweezers Top’ candle pattern is found. The candles form ‘Tweezers Top’. this is a bearish 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).

0.59479 – 0.5964 – 0.59389 – 0.59206 – 0.59071 – 0.5848 —
0.59319 – 0.59404 —
47.686982108241 – 50.829441106298 —
– —
0.59479 – 1773216000

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