NZD/USD – 30M – BUYBesides a ‘Tweezers Top’ candle chart pattern is existing. The candles show ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
Besides a ‘Double top chart pattern’ chart formation is existing. The chart shows ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60121 |
| 2nd High | 0.59743 |
| Next High | 0.59431 |
| Current Price | 0.58995 |
| Next Low | 0.58932 |
| 2nd Low | 0.58859 |
| 3rd Low | 0.58607 |
0.59431 – 0.59743 – 0.60121 – 0.59142 – 0.59342 – 0.59882
Trading Signals: FOREX – NZD – NZD/USD – USD – Tweezers Top