NZD/USD – 30M – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.57045 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.57357 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Tweezers Top’ candlestick chart pattern is detected. The candles show ‘Tweezers Top’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57772 |
| 2nd High | 0.57585 |
| Next High | 0.57357 |
| Current Price | 0.57088 |
| Next Low | 0.57045 |
| 2nd Low | 0.57 |
| 3rd Low | 0.56994 |
0.57357 – 0.57585 – 0.57772 – 0.57045 – 0.57 – 0.56994 —
0.57100 – 0.57105 —
39.328681931077 – 43.013750427952 —
– —
0.57357 – 1775151000
Trading Signals: FOREX – NZD – NZD/USD – USD – Tweezers Top – Symmetrical Triangle Chart Pattern – – – – – – – –