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Old 06-23-2008, 04:49 PM   #1

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Regular Bullish Divergence EUR/AUD
Regular divergence between price and a momentum oscillator such as RSI indicate a possible trend reversal.

The scenario of price making lower lows along with the oscillator is making higher lows is described as regular bullish divergence - suggesting a bullish trend reversal.

The daily charts of EUR/AUD and USD/MXN have recently exhibited regular bullish divergence:



and



Analysis By TradersLog.com
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Old 06-23-2008, 10:15 PM   #2

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Re: Regular Bullish Divergence EUR/AUD
Beautiful hammer on chart #1. Good stuff.
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