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FX.co ★ NZDUSD M5: Head and Shoulders

NZDUSD M5: Head and Shoulders

Head and ShouldersThe technical pattern called Head and Shoulders has appeared on the chart of NZDUSD M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.5943/0.5943 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.5928.
The M5 and M15 time frames may have more false entry points.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction
Go to the patterns list Go to graph