NZD/USD – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.60073 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 0.60443 could happen.
Consider stop-loss settings accordingly.

Then a ‘Tweezers Top’ candle chart pattern is discovered. The candles form ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. 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).

0.60443 – 0.60503 – 0.59785 – 0.60073 – 0.59546 – 0.59587 —
0.60415 – 0.60335 —
61.153420701658 – 55.557815114308 —
– —
0.60443 – 1769590800

Trading Signals: FOREX – NZD – NZD/USD – USD – Tweezers Top – Double top retreat up – – – – – – – –