was formed on 08.05 at 07:00:58 (UTC+0)
signal strength 4 of 5
signal strength 4 of 5
According to the chart of H1, USDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8243 while the median line of the Neck is found at 0.8185/0.8223. 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 USDCHF will go towards 0.8283
Figure
Instrument
Timeframe
Trend
Signal Strength
