USD/CAD Bullish Divergence Example

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Apr 21, 2018 12:15 AM

This chart depicts a bullish divergence using trend lines to demonstrate lower lows with an increasing slope of the RSI to demonstrate that sellers are exhausted. The bulls take over after the lower low to increase the price in an uptrend fashion.

Chart Patterns Trend Analysis