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The Head and Shoulders pattern has formed on the NZDUSD H1 chart. The head high is at 0.5693, while the neckline passes through 0.5672/0.5671. The Head and Shoulders signals a potential reversal of the uptrend. A break below the lower neckline anchor may confirm the bearish reversal. FX.co ★ NZDUSD H1: Head and Shoulders
Signal strength 4 of 5
NZDUSD H1: Head and Shoulders
The Head and Shoulders pattern has formed on the NZDUSD H1 chart. The head high is at 0.5693, while the neckline passes through 0.5672/0.5671. The Head and Shoulders signals a potential reversal of the uptrend. A break below the lower neckline anchor may confirm the bearish reversal. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade