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Regular Bullish Divergence EUR/AUD Regular Bullish Divergence EUR/AUD
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Old 06-23-2008, 08:50 PM   #1 (permalink)
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Default Regular Bullish Divergence EUR/AUD
Regular divergence between price and a momentum oscillator such as RSI indicate a possible trend reversal.

The scenario of price making lower lows along with the oscillator is making higher lows is described as regular bullish divergence - suggesting a bullish trend reversal.

The daily charts of EUR/AUD and USD/MXN have recently exhibited regular bullish divergence:



and



Analysis By TradersLog.com
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