NZD/USD – 30M – SELLThe pair New Zealand Dollar/US Dollar (NZD/USD) moves from the bullish trendline downwards
A descent downwards to the next support line at 0.60438 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.60922 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Tweezers Top’ chart pattern is existing. The chart shows ‘Tweezers Top’. this is a bearish signal. The 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.612 |
| 2nd High | 0.61058 |
| Next High | 0.60922 |
| Current Price | 0.60762 |
| Next Low | 0.60438 |
| 2nd Low | 0.60143 |
| 3rd Low | 0.60073 |
0.60922 – 0.60443 – 0.60503 – 0.60438 – 0.60143 – 0.60073 —
0.60695 – 0.60766 —
50.338009643239 – 58.927899710673 —
– —
0.60922 – 1769668200
Trading Signals: FOREX – NZD – NZD/USD – USD – Tweezers Top – – – – – – – – –