NZD/USD – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish trend down to the next support line at 0.56608 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.57166 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

Next a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair could go down.

Next a ‘Tweezers Top’ candlestick pattern is discovered. The candles show ‘Tweezers Top’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.57166 – 0.56894 – 0.569 – 0.56608 – 0.56404 – 0.56396 —
0.57132 – 0.56985 —
66.931435818653 – 57.489906261678 —
– —
0.57166 – 1783004400

Trading Signals: FOREX – NZD – NZD/USD – USD – Tweezers Top – Rising Wedge Chart Pattern – – – – – – – –