AUDNZD | Bearish Divergence
Updated
AUDNZD being in an uptrend means that the value of the Australian dollar relative to the New Zealand dollar is currently on the rise. Additionally, there is a notable development occurring in the form of hidden divergence on the Relative Strength Index (RSI). Hidden divergence refers to a situation where the price of an asset and the RSI indicator move in opposite directions.
In this case, the formation of hidden divergence on the RSI suggests a potential reversal in the current trend. This means that despite the ongoing uptrend, there are indications that the market sentiment might shift in the opposite direction. Traders and analysts often pay attention to hidden divergence as it can provide insight into a potential change in the market dynamics.
AUDNZD is currently experiencing an uptrend, the presence of hidden divergence on the RSI indicates the possibility of a reversal in the trend.
In this case, the formation of hidden divergence on the RSI suggests a potential reversal in the current trend. This means that despite the ongoing uptrend, there are indications that the market sentiment might shift in the opposite direction. Traders and analysts often pay attention to hidden divergence as it can provide insight into a potential change in the market dynamics.
AUDNZD is currently experiencing an uptrend, the presence of hidden divergence on the RSI indicates the possibility of a reversal in the trend.
Trade closed: target reached
TP1: HIT :)Trade closed: target reached
TP2: HIT:)Trade closed: target reached
TP3: HIT :-)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.