The following are some of the MACD divergences formed last week from 2nd Nov. 2009 to 8th Nov. 2009. The first one is for GBPUSD. Check the following picture. The GBPUSD shows lower lows but MACD diagram shows higher lows. Thast means in the candlestick chart shows the 2nd dip lower than the 1st dip. But in the MACD diagram the 1st dip is lower than the 2nd one. This formed a divergence. As you seen in the picture you can enter the trade in different ways. You can enter the trade when the Stochastic Indicator tries to cross above 20 line or you can enter the trade when the MACD moving average line leaves the histogram bars. You can also observe the nice engulfing candlestick formations at this point. Check the following picture for GBPUSD.
MACD divergence formed on GBPUSD currency pair last week between 2nd Nov. and 8th Nov.
The following is the divergence formed on EURGBP last week.
EURGBP recent MACD divergence formed between 2nd. Nov 2009 and 8th Nov. 2009
The following is the MACD divergence formed for GBPCHF currency pair.
The above picture showing MACD divergence formed for GBPCHF currency between 2nd. Nov. 2009 and 8th. Nov. 2009
The folloiwng is the divergence formed on EURNZD currency pair.
The above picture showing the recent MACD divergence formed for EURNZD currency pair between 2nd. Nov. 2009 and 8th Nov. 2009
Recent Comments