NZDUSD: Hidden Divergence Monthly
Despite my bearish bias I see this hidden divergence on the monthly chart for NZDUSD. This suggests that NZD is starting a multi month rally in spite of bearish
sentiment and that the USD will fall regardless of my bias. Of course it may just bury itself but the hidden divergence suggests there is enough evidence to suggest that this will move up. My explanations are short and simple. I never tend to look at fundamentals, and I am a chart user exclusively. I let the charts speak for themselves and if you can't see the setup in 5 seconds then I am not doing it right.
sentiment and that the USD will fall regardless of my bias. Of course it may just bury itself but the hidden divergence suggests there is enough evidence to suggest that this will move up. My explanations are short and simple. I never tend to look at fundamentals, and I am a chart user exclusively. I let the charts speak for themselves and if you can't see the setup in 5 seconds then I am not doing it right.
Nota
This does not mean to just buy here. But the daily or 4h 1h should set up a buy opportunity, we will look for hidden divergence or positive divergence for opportunity to buy.Nota
The only caveat is that the weekly time frame is looking toppy. That said the oscillator can bury itself in overbought for.a few weeks before a meaningful pullback. Once again technical analysis proves it works if done correctly. Not the fundamentals, not hearsay or what we "think" will happen, we must be as un-biased as possible and trust the technicals once you have learned them and not "second guess" them. Its good to be aware of our biases, but it is much better to listen to the charts, "they" remain unbiased.Nota
Nice.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.