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According to the chart of M30, AUDCAD formed the Head and Shoulders pattern. The Head’s top is set at 0.9184 while the median line of the Neck is found at 0.9164/0.9163. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of AUDCAD will go towards 0.9133. FX.co ★ AUDCAD M30: Head and Shoulders
Signal strength 3 of 5
AUDCAD M30: Head and Shoulders
According to the chart of M30, AUDCAD formed the Head and Shoulders pattern. The Head’s top is set at 0.9184 while the median line of the Neck is found at 0.9164/0.9163. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of AUDCAD will go towards 0.9133. *L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction