A “neckline” is drawn by connecting the lowest points of the two troughs. The slope of this line can either be up or down. Typically, when the slope is down, it produces a more reliable signal. In this example, we can easily see the head and shoulders pattern. Ammount Select a Currency Select a Conversion rate date ... IMPORTANT: The contents of this blog do not constitute financial advice and are provided for general information purposes only without taking into account the investment objectives, financial situation and particular needs of any particular person. UKForex Limited (trading as “OFX”) and its affiliates make no recommendation as to the merits of any financial strategy or product referred to ... Arab National Bank, a Saudi Joint Stock Co., Regulated and supervised by SAMA, Head office in Riyadh, Commercial registration 1010027912, License number: 4017/m/a/254,National address: 7317 King Faisal Road, Al Murabba, Unit No. 1, Riyadh 12613-3536 Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice.
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