was formed on 21.11 at 10:59:55 (UTC+0)
signal strength 3 of 5
signal strength 3 of 5
According to the chart of M30, NZDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5601 while the median line of the Neck is found at 0.5574/0.5587. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDUSD will go towards 0.5631
Figure
Instrument
Timeframe
Trend
Signal Strength
