Mon, 22 Apr 2013 10:24:04 GMT
Weekly Trade Pattern Idea
EUR/NZD has formed a Channel Down pattern on the 1D chart. The pattern has 60% quality and 100% magnitude on in the 141-bar period.The pattern started on the 30th of January, 2013, when the pair peaked to 1.6361; currently it is testing pattern's resistance at 1.5515. Trading volume seems to be in decline in the length of the pattern. Technical