Tickeron detected bullish FOREX Pattern: Head-and-Shoulders Bottom on April 25, 2024

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04/29/24

Head-and-Shoulders Bottom

CNYNZD - China Yuan - New Zealand Dollar

Emerged: 04/25/24

Confirmed: 04/26/24

Breakout: $0.237439

Price: $0.236866

Target price: $0.245692

A.I.dvisor detected a bullish Head-and-Shoulders Bottom pattern for CNYNZD stock. This pattern was detected on April 25, 2024 and confirmed on April 26, 2024 . The odds of reaching the target price are 6. The Head-and-Shoulders Bottom pattern is formed when the price of a security creates a center trough (the inverted head, labeled 3) and the left and right inverted shoulders (1, 5). After reaching the lowest low (the Head, 3) the next low is shallower and the trend reverses course to the upside. Consider buying a security or a call option at the low once the pattern is confirmed, which is known as the breakout point. The pattern is confirmed when the price breaks above the Neckline (2,4).

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CNYNZD

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