7 Haziran 2014 Cumartesi

NZDUSD Is Turning Its Direction To South

Monthly Chart:


In monthly chart, price is n slightly bearish trend with the near of strong resistence area.

Weekly Chart:



In weekly chart, we saw a good pin bar and then a two week bearish action. This week price push the higher levels however rejection was occured.

Daily Chart:


On daily chart we clearly see a strong reversal sign with the pin bar on the resistence levels. Bears didn't let the bulls to take control on friday. With these kind of signals taking short position is very logical.

Stop Loss: 0,8589
Target: 0,8413




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