GBPNZD Ascending Triangle (May 21, 2015)
GBPUSD has been forming higher lows and finding resistance at the 2.1200 to 2.1300 levels, creating an ascending triangle pattern on its 1-hour chart.
GBPUSD has been forming higher lows and finding resistance at the 2.1200 to 2.1300 levels, creating an ascending triangle pattern on its 1-hour chart.
The GBPUSD pair found support at the 1.55 level during the session on Wednesday, forming a slightly positive yet neutral looking candle.
The EURUSD pair initially fell during the course of the day on Wednesday, but below the 1.11 level we found a bit of support.
The AUDUSD pair broke down during the course of the session on Wednesday, testing the 0.79 handle.
USDJPY’s downward movement from 1.2202 extended to as low as 118.33.
The EURUSD pair went back and forth during the course of the session on Friday, as we continue to hang about the 1.09 level.
The AUDUSD pair broke down during the course of the session on Friday, clearing the bottom of the shooting star that had formed on Thursday.
USDJPY remains in uptrend from 101.06 (Jul 10, 2014 low), the sideways movement
EURUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.0462
The AIIB has drawn a cool response from the United States, despite which European US allies including Britain, France, Germany and Italy have already announced they would join the bank.