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Head and Shoulders
was formed on 31.01 at 17:59:37 (UTC+0)
signal strength 3 of 5

Head and Shoulders USDCHF M30

According to the chart of M30, USDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.9114 while the median line of the Neck is found at 0.9086/0.9089. 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 USDCHF will go towards 0.9059.

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Figure
Instrument
Timeframe
Trend
Signal Strength
 
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