EUR/NZD breaks above daily Triangle

Posted by on Dec 3, 2012

EUR/NZD recently broke the daily Triangle chart pattern identified by Autochartist. The overall Quality of this Triangle is rated at the 6 bar level which reflects the slow Initial Trend (3 bars), substantial Uniformity (9 bars) and maximum Clarity (10 bars). The strong Uniformity and Clarity describe the chart pattern with high visibility to the forex traders. Another factor which increases the visibility of this Triangle is its length – 167 trading days – which heightens the chances that
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