EURUSD fell more than 450 pips this week when ECB announced that it will be going heavy on QE starting this week. On Monday, a clear bearish divergence signal was appearing on H4 chart. Take a look at the following screenshot. You can clearly see a strong bearish divergence pattern appearing in the above screenshot.… Continue reading EURUSD Falls 450 Pips This Week When ECB Announces Going Heavy On QE
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EURUSD Showing Bearish Divergence On Daily Chart Means Downtrend
EURUSD is showing a bearish divergence signal on the Daily Chart. In the last 2 months, EURUSD has climbed up around 1500 pips from a low of 1.04618. EURUSD rally seems to be exhausted now. Take a look at the following chart! Do you see the yellow lines showing the bearish divergence on stochastic D1.… Continue reading EURUSD Showing Bearish Divergence On Daily Chart Means Downtrend