Tuesday, May 21, 2013

NZDUSD Price Action: Closing Price Reversal Setup. May 21, 2013.

The Kiwi has been on a massive bearish run which is yet to show any significant sign of ending. With today's activities ending with a Closing Price Reversal Price Action Setup, price is expected to make a dash towards Support as shown above. But if this fails, price would make an attempt to reach key resistance at about 0.8359.

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2 comments:

Anonymous said...

THANKS AHIZE....I WANT TO KNOW THE SETTINGS FOR THE MOVING AVERAGE WHICH YOU USE THERE....IN YOUR CHARTS......

Ahize said...

the 8 and 21 ema's