Friday, December 23, 2011

Positive Failure Swing by the Relative Strength Index - EURUSD - December 23, 2011

A positive buy signal occurred by the RSI indicator which is the positive failure swing , one bottom is under line 30 in the oversold area and the second bottom is above the line 30 , the RSI break the neck line between the two bottoms upwards which is a positive sign , this RSI formation is very quick but very strong "look at the historical performance of the RSI concerning this issue."

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