EURUSD - Trends, Forecasts and Implications (Part 3) - page 456
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By the way, does anyone know how new zealand has reported gdp?
Socrates has resigned... Catching the euro flying on the floor...
By the way, does anyone know how new zealand has reported gdp?
2011.03.23:46:22 *New Zealand GDP adjusted Q4 +0.2% y/y, forecast +0.2%
2011.03.23:46:51 *New Zealand's Q4 GDP +0.8% y/y, forecast +0.7%
2011.03.23 23:46:22 *New Zealand's Q4 GDP adjusted +0.2% qoq, forecast +0.2%
thanks a lot)
the euro is in a hurry again ))) red for tomorrow...
Morning forecast on D1 (P30) and H1 with P50 and latest trend:
Is it OK that I cannot draw on charts?
each has its own disadvantages, don't you think?
I wrote above about Н1 - I marked two fractals there, draw a line through them (or connect them with a line), respectively, draw a line connecting the oscillator readings corresponding to these bars in a separate window below where the OsMA is, and you'll be happy - convert!
it's not an envelope, it's a divergence.
What is the similarity with your screenshot?
Divergence is a divergence between the market price chart and the indicator chart, when a new high market price maximum corresponds to a new low indicator maximum. This divergence is also called "bearish divergence"(position 1 in Figure 1) - it is based on local maximums of the market price and indicator, and is an additional factor for trend reversal, giving the trader a signal tosell.
Convergence is a divergence between the market price and indicator chart, when a new low of the market price corresponds to a new high low of the indicator. Such a divergence is also called "bullish divergence" (position 2 in Figure 1) - it is based on local lows of the market price and the indicator, and is also an additional factor of trend changes that gives a trader a signal tobuy.
And my screen you are talking about divergence, not convergence
I see divergences in figure 1 and 2