Sat, Nov 23, 2024 @ 18:30 GMT
Facebook Mail RSS Twitter
HomeContributorsTechnical AnalysisNZD/USD Head And Shoulders?

NZD/USD Head And Shoulders?

MultiBank Exchange Group
By MultiBank Exchange Group

Price drops right now after the retest of the fourth warning line (wl4) of the former ascending pitchfork. Technically is expected to drop on the short term, at least till will hit the 38.2% retracement level. NZD/USD is developing a Head and Shoulders pattern on the Daily chart, will be confirmed after a valid breakdown below the Neckline (red line).

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

Featured Analysis

Load more

Learn Forex Trading

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.