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DannyBly

Regular Bullish Divergence EUR/AUD

By DannyBly, in Forex

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DannyBly    10

DannyBly
Posted

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:

 

euraud.jpg

 

and

 

usdmxn.jpg

 

Analysis By TradersLog.com

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