Tickeron detected bearish FOREX Pattern: Cup-and-Handle Inverse on January 17, 2024

GET DAILY SIGNALS

Get AI intraday signals

A.I.dvisor
at Tickeron.com

Buy or Sell

View Daily Signals

01/22/24

Cup-and-Handle Inverse

USDCNY - United States Dollar - China Yuan

Emerged: 01/17/24

Confirmed: 01/18/24

Breakout: $7.09

Price: $7.11

Target price: $7.02

A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for USDCNY stock. This pattern was detected on January 17, 2024 and confirmed on January 18, 2024 . The odds of reaching the target price are 6. The Inverted Cup-and-Handle (sometimes called Inverted Cup-and-Holder) pattern forms when prices rise then decline to create an upside-down “U”like shape (1, 2, 3, also known as the Cup), followed by a shorter relatively straight price increase that bounces from the right lip (from 3 to 4, creating the Handle). Consider selling the security short or buying a put option at the downward breakout level. The confirmation move is the breakout of the price below the right cup lip.

View a ticker or compare two or three

Compare

Ad is loading...

A.I.Advisor

published price charts

View to see Real Time Patterns for USDCNY (Try 14 days for $1 only)