The market is going to move upward. A new swing low is higher than the previous one. MACD supports the upward movememnt. ADX line rises and it tells us that the bulls become stronger. The daily chart gives us a bullish divergence which is a trend reversal signal. Based on these signals we can buy. Entry level is 106.70 with stop orders at 105.40 level. Profit targets are 108.00 and 110.00 levels.
Bullish divergence on daily compared with what indicator (MACD, RSI, Stochastics?) and over what span of time? 2-16-18 and 3-2-18 lower lows contrast with higher highs on RSI during this same period to form bullish divergence. But, I don't see bullish divergence since then.
DLavrov
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@billworld, The bullish divergence is on the daily time frame. And it gives a strogn trend reversal signal.
billworld
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@DLavrov, I don't think you're understanding my comment. As I described there is bullish divergence between price and RSI on daily time frame from 2-16-18 to 3-2-18. I'm not seeing any bullish divergence on daily timeframe after March 2, 2018. Maybe you want to post a clarification on exactly where you're seeing recent bullish divergence on the daily timeframe.