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Double Bottom (Buy Signal)
USD/CHF formed the perfect double bottom at around 12/31/2004. Notice the
divergence in MACD and in Momentum also confirmed the double bottom.
Strong buy signal.
Double Top (Sell Signal)
EUR/USD formed the perfect double top at around 2/18/2004. Notice the
divergence in MACD and in Momentum also confirmed the double top. Strong
sell signal.
Lower Lows with MACD Divergence (Buy Signal)
USD/CHF broke lower at around 9/2/2005. However, both MACD and Momentum
did not. Divergence indicated that price would go up, a long signal.
Higher Highs with MACD Divergence (Sell Signal)
EUR/USD broke higher at around 12/30/2004. However, both MACD and
Momentum did not. Divergence indicated that price would go down, a sell
signal.
Last
Updated:
Sunday, October 07, 2007 10:27:33 AM -0700 |
