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According to the chart of M30, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8268 while the median line of the Neck is found at 0.8239/0.8250. 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 NZDCAD will go towards 0.8298 FX.co ★ NZDCAD M30: Inverse Head and Shoulder
Signal strength 3 of 5
NZDCAD M30: Inverse Head and Shoulder
According to the chart of M30, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8268 while the median line of the Neck is found at 0.8239/0.8250. 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 NZDCAD will go towards 0.8298 *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade