NZD/USD – 1H – SELL

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

A continuation of the downtrend down to the next support line at 0.59158 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.60043 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Besides a ‘Tweezers Top’ chart pattern is discovered. The chart shows ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.60043 – 0.59944 – 0.60125 – 0.59158 – 0.59569 – 0.59591 —
0.59405 – 0.59552 —
41.619496878523 – 45.915492539264 —
– —
0.60043 – 1772215200

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