was formed on 05.11 at 16:00:00 (UTC+0)
signal strength 4 of 5
signal strength 4 of 5
According to the chart of H1, NZDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 86.91 while the median line of the Neck is found at 86.12/86.58. 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 NZDJPY will go towards 87.31
Figure
Instrument
Timeframe
Trend
Signal Strength
