EURNZD

Divergence is a common technical analysis tool used to identify potential trend reversals or trend strengths. It can be either positive (bullish) or negative (bearish). Positive divergence occurs when the price makes a lower low, but an oscillator (like the Relative Strength Index or Stochastic Oscillator) makes a higher low. Negative divergence is the opposite, with the price making a higher high while the oscillator making a lower high.

To identify divergences, you should:

Open a chart of EURNZD with a 30-minute time frame.
Add an oscillator like the Relative Strength Index (RSI) or Stochastic Oscillator to the chart.
Look for instances where the price and the oscillator move in opposite directions.
Positive divergence might signal a potential bullish reversal, while negative divergence might indicate a bearish reversal.
Keep in mind that trading based on technical analysis, including divergence, carries risks, and it's essential to have a well-thought-out trading plan and risk management strategy. It's also a good idea to stay updated with the latest market conditions and news that may impact your trading decisions. Additionally, consider consulting with a financial advisor or a professional trader for more personalized advice.

level to watch
1.8080