RSI, MACD : DIVERGENCE

8 set 2017

RSI and the MACD indicating divergence. This is particularly interesting as divergences indicate market trend changes. although we still need to wait for the MACD cross up on the 4hourly DXY CHART to fully complete the divergence. Another interesting aspect to consider is the EUR/USD. The EUR/USD on the MT4 has developed a divergence on the 4hourly chart as well, which supports the DXY considering that the EUR/USD makes up 52% of the DXY. We are particularly interested in the EUR/USD at this moment and looking for any further reversals on the 1hourly chart to place a sell order on the 15min chart to surf the wave from the highest price.

Should anyone wish to share their views and points regarding this idea, please don't hesitate to share.

All the above mentioned Trend analysis is solely my opinions, and investors should not view this as instructions on how to trade the mentioned Asset class. Doing so will be at the responsibility of the investor. Trading has a high level of risk.
https://www.tradingview.com/chart/RqDJjHDT/