NZD/USD – 30M – BUY

Next a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Current target is 0.56737444 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.56963 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Tweezers Top’ candle pattern is existing. The chart shows ‘Tweezers Top’. which is a bearish chart scenario. The currency 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).

0.56963 – 0.56282 – 0.56213 – 0.56623 – 0.55909 – 0.5592 —
0.56728 – 0.56930 —
52.561055521477 – 67.576261586445 —
– —
0.56963 – 1764133200

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