Positive divergences in oversold market. Watch 1,0730!

FX:EURUSD   Euro / U.S. Dollar
607 2 11
- Ichimoku bearish , but Price still too far below Kijun -> oversold
- Heikin Ashi turns neutral. Positive divergence building in smoothed haDelta! Ticks up towards zero line.
- EWO             has reached extreme low. The whole move from 1,1350 to 1,0650 can be considered as one big wave only. Should correct.

- Very nice and clear bearish trendline which stays together with Kijun Sen, Future Senkou B and horizontal line. Ichimoku setup is still bearish , but future Kumo startes to shade spot price a bit.
- Heikin Ashi is neutral now, but still has bullish bias until haDelta is above zero. We have a positive divergence in smoothed haDelta here as well!
- EWO             has built a huge positive divergence. Still below zero.

So the market still looks bearish , but we have a lot of positive divergences on both time frames, while I also think market is oversold. I did not mark this post "LONG" to call for an immediate buy in EURUSD             . I did it, because I think market may start a correction soon, and I'd like point out the level of possible reversal:

1,0730-50 -> Daily Tenkan and soon the SAR             + 4 Hours Horizontal, Kijun, Trendline and future Senkou B (soon 100 WMA too)
Good work Kumo, thanks
Indeed seen the same
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out