Day: September 16, 2012

Falling Wedge on Weekly Chart of EUR/NZD

If you look at the weekly chart of the EUR/NZD currency pair you will easily spot a pattern known as a falling wedge. The current instance of the pattern is completely valid with 4 touches of the lower border and 3 touches of the upper border. It is a very long-term pattern that has started forming back in January of the the year 2011. Falling wedges are usually followed with bullish breakouts with a rather high […]