Fri, 09 Aug 2013 06:27:31 GMT
GBP/NZD 1H Chart: Triangle
Since the beginning of August the 200-hour simple moving average has successfully underpinned the currency pair and thereby preserved the bullish outlook. However, each subsequent peak GBP/NZD charted was lower than the previous one, resulting in a triangle being formed on an hourly chart.The pair is already at the very end of the pattern, meaning the break-out is supposed to