AdrianRaymondFX
Short

Hidden divergence on the EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
The 50-day Disparity Index shows a hidden divergence on the EURUSD             that has formed over the past 2 months. It's easy to say that the euro's bearish trend is strengthening ever since the high made at $1.103 on Monday, but it's important to highlight the fact that the presence of such a bearish divergence will likely lead to a break of March's lows ($1.046) with possible continued selling pressure all the way down to parity (this is almost every sellers target it seems like, so why not). Divergences provide momentum setups to profit from strengthening of trends, and in such a case it's recommended to hold short positions for as long as possible.
Yes. Trend is your Friend. The bullish trend is very strong until parity is reached.
snapshot
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out