19/09/2014 London Session Watch NZDUSD NZD/USD slid lower as - TopicsExpress



          

19/09/2014 London Session Watch NZDUSD NZD/USD slid lower as the long term bearish trend remains intact. There’s a bearish pin bar candlestick pattern in the making at the mid band of the bollinger band. If the price closes as it is right now, we will have a bearish pin bar that could lead the price lower. Note that the Stochastic indicator is showing the price is overbought at the current level which adds odds for the sellers. On the flip side, we do not have any significant resistance level at the current price level which might cause the price to rise to the 0.8150 resistance level before further decline. If that indeed happens, we could potentially have a high probability of selling opportunities in today’s London session. Like us on FACEBOOK on.fb.me/TtU5om #NZDUSD #market_analysis #forex
Posted on: Thu, 09 Oct 2014 08:06:25 +0000

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